Short Interest in DimeCo Inc. (OTCMKTS:DIMC) Declines By 78.0%

by · The Cerbat Gem

DimeCo Inc. (OTCMKTS:DIMC – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 144 shares, a decrease of 78.0% from the July 30th total of 655 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 971 shares, the days-to-cover ratio is presently 0.1 days.

DimeCo Stock Up 0.4%

DimeCo stock opened at $63.49 on Friday. The stock has a 50 day moving average of $59.10 and a two-hundred day moving average of $53.01. DimeCo has a twelve month low of $38.30 and a twelve month high of $63.49. The stock has a market capitalization of $162.22 million, a price-to-earnings ratio of 8.65 and a beta of 0.02. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20.

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

DimeCo Company Profile

(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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