DimeCo Inc. (OTCMKTS:DIMC) Sees Significant Increase in Short Interest

DimeCo Inc. (OTCMKTS:DIMC) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 187 shares, a growth of 117.4% from the June 15th total of 86 shares. Based on an average daily trading volume, of 815 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

DimeCo Stock Performance

OTCMKTS:DIMC opened at $56.00 on Thursday. The firm has a 50-day moving average of $54.28 and a two-hundred day moving average of $49.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $142.80 million, a P/E ratio of 7.84 and a beta of 0.03. DimeCo has a 1-year low of $36.10 and a 1-year high of $57.00.

DimeCo (OTCMKTS:DIMC) last announced its earnings results on Thursday, April 23rd. The company reported $1.89 earnings per share (EPS) for the quarter. The business had revenue of $14.66 million for the quarter. DimeCo had a return on equity of 14.47% and a net margin of 23.68%.

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.