First Farmers and Merchants Co. (OTCMKTS:FFMH) Sees Significant Growth in Short Interest

First Farmers and Merchants Co. (OTCMKTS:FFMH) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 200 shares, an increase of 100.0% from the January 15th total of 100 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is currently 0.2 days.

First Farmers and Merchants Stock Performance

First Farmers and Merchants stock remained flat at $38.29 during trading hours on Friday. First Farmers and Merchants has a 1 year low of $26.80 and a 1 year high of $38.50. The firm’s fifty day moving average price is $35.76 and its 200-day moving average price is $35.00.

First Farmers and Merchants Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.08 annualized dividend and a dividend yield of 2.82%.

First Farmers and Merchants Company Profile

First Farmers and Merchants Corporation operates as the bank holding company for First Farmers and Merchants Bank that provides various banking and financial services in Middle Tennessee and Northern Alabama. The company's deposit products include personal and business checking and savings, and individual retirement and investment accounts, as well as certificates of deposit.