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

DimeCo Inc. (OTCMKTS:DIMC) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 690 shares, a growth of 17,150.0% from the September 15th total of 4 shares. Based on an average daily volume of 3,039 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

DimeCo Stock Performance

DimeCo stock remained flat at $63.38 during trading hours on Friday. 200 shares of the company’s stock were exchanged, compared to its average volume of 933. The company has a market capitalization of $162.25 million, a P/E ratio of 8.63 and a beta of 0.03. The stock has a 50 day moving average of $63.27 and a 200 day moving average of $56.51. DimeCo has a fifty-two week low of $38.44 and a fifty-two week high of $65.25.

DimeCo (OTCMKTS:DIMC) last posted its 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 net margin of 23.92% and a return on equity of 14.92%.

DimeCo Company Profile

DimeCo, Inc (OTCMKTS:DIMC) is a bank holding company headquartered in Honesdale, Pennsylvania. Through its principal subsidiary, The Dime Bank, the company provides community banking services to individuals, families and businesses.

The Dime Bank offers deposit accounts, consumer and commercial lending, residential mortgages, home equity products, online and mobile banking, and other traditional financial services. Its business banking offerings include commercial loans, business deposit accounts and cash-management services.

DimeCo serves customers primarily in northeastern Pennsylvania through its branch network and digital banking channels.