DimeCo Inc. (OTCMKTS:DIMC) Short Interest Update

Key Points

• DimeCo Inc. (OTCMKTS:DIMC) experienced a significant increase in short interest, rising by 200.0% in July, with a total of 300 shares shorted as of July 31st.
• The company reported $1.81 earnings per share for the previous quarter, alongside revenue of $13.15 million with a net margin of 21.55%.
• DimeCo's stock reached $38.50 during trading hours, with a market capitalization of $97.79 million and a price-to-earnings ratio of 6.35.

DimeCo Inc. (OTCMKTS:DIMC - Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 300 shares, anincreaseof200.0% from the July 15th total of 100 shares. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is presently 0.1 days. Currently,0.0% of the shares of the company are sold short.

DimeCo Stock Performance

OTCMKTS DIMC traded up $0.04 during trading on Thursday, hitting $38.54. 1,216 shares of the company's stock traded hands, compared to its average volume of 1,567. The stock has a market capitalization of $97.89 million, a price-to-earnings ratio of 6.35 and a beta of -0.07. DimeCo has a 12-month low of $35.55 and a 12-month high of $42.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.86 and a current ratio of 0.86. The business has a 50 day moving average of $37.16 and a 200-day moving average of $37.37.

DimeCo (OTCMKTS:DIMC - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $1.81 earnings per share for the quarter. DimeCo had a return on equity of 14.33% and a net margin of 21.55%.The business had revenue of $13.15 million during the quarter.

About DimeCo

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.