Prime Meridian Holding (OTCMKTS:PMHG) Short Interest Up 200.0% in January

Prime Meridian Holding (OTCMKTS:PMHG) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 300 shares, an increase of 200.0% from the December 31st total of 100 shares. Based on an average daily trading volume, of 3,400 shares, the days-to-cover ratio is currently 0.1 days.

Prime Meridian Price Performance

OTCMKTS PMHG traded down $0.35 during midday trading on Wednesday, hitting $28.00. The company had a trading volume of 2,100 shares, compared to its average volume of 2,400. The company has a market capitalization of $92.12 million, a PE ratio of 11.38 and a beta of 0.52. Prime Meridian has a twelve month low of $20.15 and a twelve month high of $30.99. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $29.05 and a 200-day moving average price of $26.46.

Prime Meridian Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 7th will be given a dividend of $1.00 per share. This is an increase from Prime Meridian’s previous annual dividend of $0.25. This represents a yield of 3.57%. The ex-dividend date of this dividend is Friday, February 7th. Prime Meridian’s payout ratio is currently 10.16%.

About Prime Meridian

Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank that provides various consumer and commercial banking services to individuals and businesses. The company accepts various deposits, such as checking, money market, savings, term certificate of deposit, demand interest-bearing and noninterest-bearing, health savings, NOW, and escrow accounts, as well as retirement savings plans and time deposits.