TC Bancshares, Inc. (NASDAQ:TCBC) Short Interest Down 50.0% in August

Key Points

• TC Bancshares, Inc. (NASDAQ:TCBC) experienced a significant drop in short interest, with total short shares decreasing by 50% to 1,000 shares as of August 31st.
• The company's stock price is currently at $20.61, with a 52-week range between $14.87 and $20.72.
• TC Bancshares recently announced a $0.05 dividend, yielding 63.0%, which was paid to shareholders of record on July 4th.

TC Bancshares, Inc. (NASDAQ:TCBC - Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,000 shares, a decrease of 50.0% from the August 15th total of 2,000 shares. Based on an average trading volume of 42,300 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 42,300 shares, the short-interest ratio is currently 0.0 days.

TC Bancshares Stock Performance

NASDAQ TCBC traded up $0.34 on Friday, reaching $21.43. The stock had a trading volume of 6,906 shares, compared to its average volume of 11,055. The firm has a fifty day moving average of $19.28 and a two-hundred day moving average of $16.81. TC Bancshares has a 1-year low of $14.87 and a 1-year high of $21.44.

TC Bancshares Dividend Announcement

The firm 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 dividend 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.