Short Interest in Dimeco, Inc. (OTCMKTS:DIMC) Expands By 100.0%

Dimeco, Inc. (OTCMKTS:DIMC) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 200 shares, an increase of 100.0% from the March 15th total of 100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,100 shares, the short-interest ratio is currently 0.2 days.

Dimeco Stock Performance

OTCMKTS DIMC traded down $0.40 on Wednesday, hitting $35.60. The stock had a trading volume of 1,238 shares, compared to its average volume of 932. The firm has a 50-day moving average of $37.57 and a 200-day moving average of $38.61. Dimeco has a 52-week low of $34.30 and a 52-week high of $42.00. The company has a market capitalization of $90.39 million, a price-to-earnings ratio of 6.97 and a beta of -0.05.

Dimeco (OTCMKTS:DIMC) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $1.44 earnings per share (EPS) for the quarter. Dimeco had a return on equity of 13.09% and a net margin of 19.51%.

Dimeco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Monday, March 31st will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Monday, March 31st. Dimeco’s dividend payout ratio (DPR) is 32.88%.

Dimeco Company Profile

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.