DimeCo Inc. (OTCMKTS:DIMC) Sees Significant Drop in Short Interest

DimeCo Inc. (OTCMKTS:DIMC) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 21 shares, a drop of 97.5% from the April 30th total of 838 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,895 shares, the days-to-cover ratio is currently 0.0 days.

DimeCo Stock Performance

Shares of DIMC stock remained flat at $52.25 on Thursday. 568 shares of the stock were exchanged, compared to its average volume of 2,039. DimeCo has a twelve month low of $36.10 and a twelve month high of $53.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a 50-day moving average of $49.64 and a 200-day moving average of $46.67. The company has a market cap of $133.24 million, a P/E ratio of 7.32 and a beta of 0.03.

DimeCo (OTCMKTS:DIMC) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $1.89 earnings per share for the quarter. DimeCo had a net margin of 23.68% and a return on equity of 14.47%. The firm had revenue of $14.66 million for the quarter.

About DimeCo

Dimeco, Inc operates as the bank holding company for The Dime Bank that provides banking products and services to individuals and businesses in Pennsylvania. It accepts various deposits, including checking, savings, and individual retirement accounts, as well as certificates of deposit. The company also provides consumer, home equity, mortgage, construction, student, business term, business vehicle, business equipment, capital improvement, and commercial real estate loans; business lines of credit; and acquisition financing and investment services.