DimeCo Inc. (OTCMKTS:DIMC) Stock Short Interest Drops 97.3%

DimeCo Inc. (OTCMKTS:DIMC) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 4 shares, a decline 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 Price Performance

Shares of DIMC stock remained flat at $63.00 during mid-day trading on Thursday. 1,442 shares of the stock were exchanged, compared to its average volume of 1,720. The firm’s 50 day simple moving average is $62.27 and its 200-day simple moving average is $55.38. The firm has a market cap of $161.09 million, a P/E ratio of 8.58 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. DimeCo has a 1 year low of $38.44 and a 1 year high of $65.25.

DimeCo (OTCMKTS:DIMC) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $2.01 earnings per share (EPS) for the quarter. DimeCo had a net margin of 23.92% and a return on equity of 14.92%. 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.