DimeCo Inc. (OTCMKTS:DIMC) Short Interest Down 78.0% in August

DimeCo Inc. (OTCMKTS:DIMC) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 144 shares, a drop of 78.0% from the July 30th total of 655 shares. Based on an average daily volume of 971 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

DimeCo Price Performance

Shares of DIMC stock opened at $63.25 on Wednesday. The company’s 50-day simple moving average is $58.76 and its two-hundred day simple moving average is $52.77. 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 one year low of $38.30 and a one year high of $63.25. The company has a market capitalization of $161.29 million, a P/E ratio of 8.62 and a beta of 0.02.

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

About DimeCo

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.