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

DimeCo Inc. (OTCMKTS:DIMC) was the target of a significant drop in short interest during 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. Based on an average trading volume of 6,895 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

DimeCo Trading Up 0.1%

Shares of DIMC traded up $0.05 during trading on Wednesday, reaching $52.25. 568 shares of the company traded hands, compared to its average volume of 2,039. The stock has a 50-day simple moving average of $49.64 and a 200-day simple moving average of $46.67. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.20. DimeCo has a twelve month low of $36.10 and a twelve month high of $53.00. The stock has a market cap of $133.24 million, a PE ratio of 7.32 and a beta of 0.03.

DimeCo (OTCMKTS:DIMC) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $1.89 EPS for the quarter. DimeCo had a net margin of 23.68% and a return on equity of 14.47%. The business had revenue of $14.66 million during 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.