DimeCo Inc. (OTCMKTS:DIMC) Stock Short Interest Drops 97.3%

DimeCo Inc. (OTCMKTS:DIMC) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 4 shares, a drop of 97.3% from the August 31st total of 147 shares. Based on an average daily trading volume, of 3,252 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

DimeCo Stock Performance

Shares of DIMC stock remained flat at $63.00 during trading hours on Thursday. The stock had a trading volume of 1,442 shares, compared to its average volume of 1,720. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.87 and a quick ratio of 0.87. DimeCo has a 12-month low of $38.44 and a 12-month high of $65.25. The company has a market capitalization of $161.09 million, a PE ratio of 8.58 and a beta of 0.03. The business’s 50 day moving average is $62.27 and its two-hundred day moving average is $55.38.

DimeCo (OTCMKTS:DIMC) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $2.01 EPS for the quarter. The company had revenue of $15.02 million during the quarter. DimeCo had a return on equity of 14.92% and a net margin of 23.92%.

About DimeCo

DimeCo, Inc is a bank holding company headquartered in Honesdale, Pennsylvania. Its principal subsidiary, The Dime Bank, is a community bank serving customers in northeastern Pennsylvania.

The Dime Bank provides personal and business banking products, including checking and savings accounts, certificates of deposit, residential mortgages, consumer loans, commercial lending, and other credit services. It also offers digital banking options and related financial services through its branch network and online channels.

The bank traces its history to 1906 and primarily serves individuals, families, small businesses, and community organizations in the northeastern Pennsylvania region.