DimeCo Inc. (OTCMKTS:DIMC) Sees Large Drop in Short Interest

by · The Cerbat Gem

DimeCo Inc. (OTCMKTS:DIMC – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 200 shares, adecreaseof33.3% from the July 31st total of 300 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is presently 0.1 days.

DimeCo Stock Down 1.2%

Shares of OTCMKTS DIMC traded down $0.46 during mid-day trading on Monday, reaching $38.53. The company had a trading volume of 458 shares, compared to its average volume of 690. DimeCo has a 52-week low of $35.55 and a 52-week high of $42.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.43. The stock has a market cap of $97.87 million, a P/E ratio of 6.36 and a beta of -0.07. The firm has a 50 day simple moving average of $37.62 and a two-hundred day simple moving average of $37.35.

DimeCo (OTCMKTS:DIMC – Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.81 earnings per share (EPS) for the quarter. The company had revenue of $13.15 million during the quarter. DimeCo had a net margin of 21.55% and a return on equity of 14.33%.

About DimeCo

(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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