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

by · The Cerbat Gem

Prime Meridian Holding Company (OTCMKTS:PMHG – Get Free Report) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 600 shares, agrowthof50.0% from the July 31st total of 400 shares. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is presently 0.1 days.

Prime Meridian Stock Up 0.5%

Shares of Prime Meridian stock traded up $0.28 during midday trading on Monday, hitting $51.25. The company had a trading volume of 532 shares, compared to its average volume of 1,777. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.96. The stock has a market capitalization of $172.71 million, a P/E ratio of 20.67 and a beta of 0.18. The company has a 50 day moving average of $49.53 and a 200 day moving average of $42.85. Prime Meridian has a 52-week low of $23.75 and a 52-week high of $54.00.

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

About Prime Meridian

(Get Free Report)

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.

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