Prime Meridian Holding (OTCMKTS:PMHG) Sees Large Increase in Short Interest

Prime Meridian Holding (OTCMKTS:PMHG - Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 600 shares, an increase of 500.0% from the April 30th total of 100 shares. Based on an average trading volume of 7,900 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Prime Meridian Price Performance

OTCMKTS:PMHG remained flat at $48.90 during trading hours on Friday. The business has a 50 day simple moving average of $40.27 and a two-hundred day simple moving average of $32.74. The stock has a market capitalization of $164.70 million, a price-to-earnings ratio of 19.10 and a beta of 0.19. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.95 and a current ratio of 0.96. Prime Meridian has a 12-month low of $21.70 and a 12-month high of $54.00.

Prime Meridian (OTCMKTS:PMHG - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The company reported $0.64 EPS for the quarter. Prime Meridian had a return on equity of 10.05% and a net margin of 16.86%. The firm had revenue of $8.41 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.