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

DimeCo Inc. (OTCMKTS:DIMC) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 4 shares, a drop of 97.3% from the August 31st total of 147 shares. Based on an average daily volume of 3,252 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

DimeCo Stock Performance

DIMC stock remained flat at $63.00 during midday trading on Friday. The company’s stock had a trading volume of 300 shares, compared to its average volume of 1,645. The business has a 50-day moving average of $62.41 and a 200 day moving average of $55.43. DimeCo has a 52 week low of $38.44 and a 52 week high of $65.25. The firm has a market capitalization of $161.28 million, a PE ratio of 8.58 and a beta of 0.03. 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 (OTCMKTS:DIMC) last released its earnings results on Thursday, July 23rd. The company reported $2.01 EPS for the quarter. DimeCo had a return on equity of 14.92% and a net margin of 23.92%.The company had revenue of $15.02 million during the quarter.

DimeCo Company Profile

DimeCo, Inc is a bank holding company headquartered in Honesdale, Pennsylvania. Its principal subsidiary, The Dime Bank, is a community bank serving customers in northeastern Pennsylvania.

The Dime Bank provides personal and business banking products, including checking and savings accounts, certificates of deposit, residential mortgages, consumer loans, commercial lending, and other credit services. It also offers digital banking options and related financial services through its branch network and online channels.

The bank traces its history to 1906 and primarily serves individuals, families, small businesses, and community organizations in the northeastern Pennsylvania region.