Prime Meridian Holding Company (OTCMKTS:PMHG) Short Interest Down 33.3% in August

Key Points

• Short interest for Prime Meridian Holding Company (OTCMKTS:PMHG) decreased by 33.3% in August, falling to 400 shares from 600 shares.
• The company's stock opened at $51.00 with a market capitalization of $171.87 million and a PE ratio of 20.56.
• Prime Meridian reported earnings per share of $0.41 for the last quarter, with a revenue of $8.90 million and a net margin of 15.55%.

Prime Meridian Holding Company (OTCMKTS:PMHG - Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 400 shares, a decline of 33.3% from the August 15th total of 600 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Prime Meridian Price Performance

OTCMKTS PMHG traded down $0.03 during trading on Friday, reaching $50.97. 9,211 shares of the company's stock were exchanged, compared to its average volume of 918. The business has a 50 day moving average price of $49.97 and a 200-day moving average price of $44.21. The stock has a market capitalization of $171.77 million, a P/E ratio of 20.55 and a beta of 0.18. Prime Meridian has a fifty-two week low of $23.75 and a fifty-two week high of $54.00.

Prime Meridian (OTCMKTS:PMHG - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $8.90 million during the quarter. Prime Meridian had a return on equity of 9.25% and a net margin of 15.55%.

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.