Prime Meridian Holding Company (OTCMKTS:PMHG) Short Interest Down 50.0% in July

Key Points

• Prime Meridian Holding Company's short interest dropped by 50.0% in July, falling to 400 shares from 800 shares, which indicates a short-interest ratio of 0.1 days.
• The company's stock is currently trading at $49.40, with a 12-month range between $22.76 and $54.00.
• In its latest quarterly earnings report, Prime Meridian reported an EPS of $0.41, with a net margin of 15.55% and revenue of $8.90 million.

Prime Meridian Holding Company (OTCMKTS:PMHG - Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 400 shares, adeclineof50.0% from the July 15th total of 800 shares. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is presently 0.1 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is presently 0.1 days.

Prime Meridian Price Performance

Shares of Prime Meridian stock traded up $0.0999 during trading on Friday, reaching $49.6999. The company's stock had a trading volume of 715 shares, compared to its average volume of 4,269. The stock has a 50-day moving average price of $49.21 and a two-hundred day moving average price of $40.98. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. Prime Meridian has a one year low of $23.00 and a one year high of $54.00. The stock has a market capitalization of $167.49 million, a P/E ratio of 20.04 and a beta of 0.17.

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

About Prime Meridian

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.