TC Bancshares, Inc. (NASDAQ:TCBC) Sees Significant Decline in Short Interest

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 - ) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,000 shares, a drop of 50.0% from the August 15th total of 2,000 shares. Based on an average trading volume of 42,300 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 42,300 shares, the days-to-cover ratio is currently 0.0 days.

TC Bancshares Stock Up 0.1%

Shares of NASDAQ:TCBC opened at $20.61 on Friday. TC Bancshares has a 52-week low of $14.87 and a 52-week high of $20.72. The company has a 50 day moving average of $18.93 and a two-hundred day moving average of $16.68.

TC Bancshares Dividend Announcement

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

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.

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