TC Bancshares, Inc. (NASDAQ:TCBC) Short Interest Update

Key Points

• Short interest in TC Bancshares, Inc. decreased by 35.5% from July to August, with the total reaching 2,000 shares.
• The company's stock price opened at $20.25 and has experienced a 1-year low of $14.87 and a high of $20.46.
• TC Bancshares recently declared a dividend of $0.05 per share, which reflects a substantial yield of 63.0%.

TC Bancshares, Inc. (NASDAQ:TCBC - Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 2,000 shares, a decline of 35.5% from the July 31st total of 3,100 shares. Based on an average daily volume of 43,400 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 43,400 shares, the days-to-cover ratio is currently 0.0 days.

TC Bancshares Stock Up 1.9%

TC Bancshares stock traded up $0.39 during mid-day trading on Thursday, reaching $20.58. 18,243 shares of the stock traded hands, compared to its average volume of 11,321. TC Bancshares has a 12-month low of $14.87 and a 12-month high of $20.58. The business's 50-day moving average is $18.84 and its 200-day moving average is $16.64.

TC Bancshares Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 4th were given a dividend of $0.05 per share. This represents a yield of 63.0%. The ex-dividend date was Thursday, July 3rd.

About TC Bancshares

TC Bancshares, Inc operates as the holding company for TC Federal Bank that provides various banking services for individual and commercial customers in the United States. It accepts various deposit products, including personal checking accounts, business checking accounts, savings accounts, money market accounts, and certificates of deposit.