DimeCo Inc. (OTCMKTS:DIMC) Sees Large Increase in Short Interest

DimeCo Inc. (OTCMKTS:DIMC) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 187 shares, an increase of 117.4% from the June 15th total of 86 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 815 shares, the short-interest ratio is currently 0.2 days.

DimeCo Price Performance

Shares of DimeCo stock opened at $55.35 on Wednesday. DimeCo has a twelve month low of $36.10 and a twelve month high of $57.00. The stock has a market capitalization of $141.14 million, a P/E ratio of 7.75 and a beta of 0.03. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average price is $54.22 and its 200 day moving average price is $49.47.

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

DimeCo Company Profile

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.