Short Interest in Prime Meridian Holding Company (OTCMKTS:PMHG) Increases By 50.0%

Key Points

• Prime Meridian Holding Company's short interest increased by 50.0% in August, rising to 600 shares compared to 400 shares in July.
• The company reported earnings of $0.41 per share for the quarter ending July 25th, with a net margin of 15.55% and revenue of $8.90 million.
• As of recent data, PMHG stock is trading at $51.25, with a market capitalization of approximately $172.71 million.

Prime Meridian Holding Company (OTCMKTS:PMHG - Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 600 shares, a growth of 50.0% from the July 31st total of 400 shares. Based on an average trading volume of 6,900 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 6,900 shares, the short-interest ratio is currently 0.1 days.

Prime Meridian Stock Performance

Shares of Prime Meridian stock remained flat at $51.25 on Tuesday. Prime Meridian has a 12 month low of $23.75 and a 12 month high of $54.00. The company's fifty day moving average is $49.62 and its two-hundred day moving average is $43.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.95. The firm has a market cap of $172.71 million, a PE ratio of 20.67 and a beta of 0.18.

Prime Meridian (OTCMKTS:PMHG - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter. Prime Meridian had a return on equity of 9.35% and a net margin of 15.55%.The company had revenue of $8.90 million for the quarter.

Prime Meridian Company Profile

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.