TC Bancshares, Inc. (NASDAQ:TCBC) Short Interest Down 35.5% in August

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 target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 2,000 shares, a decrease of 35.5% from the July 31st total of 3,100 shares. Based on an average daily trading volume, of 43,400 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 43,400 shares, the short-interest ratio is presently 0.0 days.

TC Bancshares Price Performance

TCBC traded up $0.09 during trading on Wednesday, reaching $20.19. 2,200 shares of the company's stock were exchanged, compared to its average volume of 11,262. TC Bancshares has a fifty-two week low of $14.87 and a fifty-two week high of $20.46. The company's fifty day moving average price is $18.66 and its 200-day moving average price is $16.58.

TC Bancshares Announces Dividend

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

TC Bancshares Company Profile

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.