Short Interest in Prime Meridian Holding Company (OTCMKTS:PMHG) Rises By 145.1%

Prime Meridian Holding Company (OTCMKTS:PMHG) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 500 shares, a growth of 145.1% from the December 15th total of 204 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,447 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 5,447 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Prime Meridian Trading Down 1.1%

Shares of Prime Meridian stock opened at $56.00 on Friday. The company’s 50-day moving average price is $55.51 and its 200-day moving average price is $52.42. Prime Meridian has a 12-month low of $26.50 and a 12-month high of $57.07. The company has a market cap of $190.40 million, a price-to-earnings ratio of 22.58 and a beta of 0.06.

Prime Meridian (OTCMKTS:PMHG) last posted its earnings results on Tuesday, October 28th. The company reported $0.78 earnings per share for the quarter. Prime Meridian had a net margin of 15.49% and a return on equity of 9.27%. The business had revenue of $8.97 million for the quarter.

About Prime Meridian

Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank that provides various consumer and commercial banking services to individuals and businesses. The company accepts various deposits, such as checking, money market, savings, term certificate of deposit, demand interest-bearing and noninterest-bearing, health savings, NOW, and escrow accounts, as well as retirement savings plans and time deposits. Its loan products include commercial real estate, residential real estate and home equity, small business administration, construction, equipment, and commercial loans; and consumer and other loans comprising financing of automobiles, boats, and recreational vehicles, as well as issues standby letters and business lines of credit.