TC Bancshares, Inc. (NASDAQ:TCBC) Short Interest Up 416.7% in July

Key Points

• Short interest in TC Bancshares, Inc. saw a dramatic increase of 416.7% in July, with a total of 3,100 shares shorted as of July 31st.
• The company announced a dividend of $0.05 per share, providing a significant dividend yield of 63.0%, which was paid to stockholders on July 18th.
• As of recent trading, TC Bancshares stock opened at $19.59, up from a 52-week low of $14.87 and down from a high of $20.20.

TC Bancshares, Inc. (NASDAQ:TCBC - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 3,100 shares, agrowthof416.7% from the July 15th total of 600 shares. Based on an average daily trading volume, of 51,600 shares, the short-interest ratio is currently 0.1 days. Currently,0.1% of the shares of the stock are short sold. Currently,0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 51,600 shares, the short-interest ratio is currently 0.1 days.

TC Bancshares Stock Down 0.7%

Shares of TCBC traded down $0.13 during trading hours on Tuesday, reaching $19.50. The stock had a trading volume of 51,314 shares, compared to its average volume of 10,947. TC Bancshares has a 12 month low of $14.87 and a 12 month high of $20.20. The company's 50-day moving average is $17.31 and its two-hundred day moving average is $16.17.

TC Bancshares Announces Dividend

The company also recently declared 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.