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

DimeCo Inc. (OTCMKTS:DIMC) was the recipient of a large 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,039 shares, the days-to-cover ratio is currently 0.2 days.

DimeCo Stock Performance

DIMC stock remained flat at $63.38 during trading on Friday. 200 shares of the company were exchanged, compared to its average volume of 933. The firm has a market cap of $162.25 million, a P/E ratio of 8.63 and a beta of 0.03. DimeCo has a one year low of $38.44 and a one year high of $65.25. The business has a fifty day simple moving average of $63.27 and a 200-day simple moving average of $56.51.

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

About DimeCo

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.