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Dimeco, Inc. (OTCMKTS:DIMC) Short Interest Down 66.7% in May

Dimeco, Inc. (OTCMKTS:DIMC) Short Interest Down 66.7% in May

Dimeco, Inc. (OTCMKTS:DIMC - Get Free Report) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 100 shares, a decline of 66.7% from the April 30th total of 300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 600 shares, the short-interest ratio is presently 0.2 days.

Dimeco Stock Performance

DIMC stock remained flat at $37.20 during trading on Friday. The stock's 50 day moving average is $36.83 and its 200 day moving average is $38.35. Dimeco has a 52 week low of $35.28 and a 52 week high of $42.00. The stock has a market capitalization of $94.45 million, a price-to-earnings ratio of 7.28 and a beta of -0.06.

Dimeco (OTCMKTS:DIMC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.28 earnings per share for the quarter. Dimeco had a net margin of 19.51% and a return on equity of 13.09%. The firm had revenue of $11.90 million during the quarter.

Dimeco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Monday, March 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date was Monday, March 31st. Dimeco's dividend payout ratio is presently 30.77%.

Dimeco Company Profile

(Get Free Report)

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.

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