Texas Community Bancshares, Inc. (NASDAQ:TCBS) Sees Significant Growth in Short Interest

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 9,600 shares, a growth of 47.7% from the November 15th total of 6,500 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 2,000 shares, the short-interest ratio is currently 4.8 days.

Texas Community Bancshares Price Performance

TCBS traded down $0.03 during trading on Friday, hitting $15.02. The company’s stock had a trading volume of 18,104 shares, compared to its average volume of 2,860. Texas Community Bancshares has a twelve month low of $12.35 and a twelve month high of $15.24. The business’s fifty day simple moving average is $14.92 and its 200 day simple moving average is $14.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.20.

Texas Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Thursday, December 12th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, December 12th. Texas Community Bancshares’s payout ratio is currently -22.53%.

Texas Community Bancshares Company Profile

Texas Community Bancshares, Inc operates as the bank holding company for Mineola Community Bank, S.S.B. that provides loans and banking services to consumers and commercial customers in Mineola, Texas and the surrounding area, and the Dallas Fort Worth Metroplex. It generates a selection of deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts.