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

DimeCo Inc. (OTCMKTS:DIMC) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 144 shares, a decrease of 78.0% from the July 30th total of 655 shares. Based on an average daily trading volume, of 971 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

DimeCo Price Performance

Shares of DIMC stock opened at $63.25 on Thursday. The stock has a 50 day moving average of $58.93 and a 200 day moving average of $52.89. 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 stock has a market cap of $161.29 million, a P/E ratio of 8.62 and a beta of 0.02. DimeCo has a twelve month low of $38.30 and a twelve month high of $63.25.

DimeCo (OTCMKTS:DIMC) last released its quarterly earnings data 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 business had revenue of $15.02 million for the quarter.

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.