Short Interest in Prime Meridian Holding (OTCMKTS:PMHG) Expands By 4,900.0%

Prime Meridian Holding (OTCMKTS:PMHG) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 5,000 shares, an increase of 4,900.0% from the June 15th total of 100 shares. Based on an average trading volume of 12,800 shares, the days-to-cover ratio is presently 0.4 days.

Prime Meridian Stock Performance

Shares of OTCMKTS PMHG remained flat at $22.70 during midday trading on Friday. 1,066 shares of the company’s stock were exchanged, compared to its average volume of 3,044. Prime Meridian has a fifty-two week low of $20.15 and a fifty-two week high of $24.25. The company’s 50-day moving average is $22.34 and its 200-day moving average is $22.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market cap of $74.68 million, a PE ratio of 9.08 and a beta of 0.53.

Prime Meridian (OTCMKTS:PMHG) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.59 EPS for the quarter. The company had revenue of $7.59 million during the quarter. Prime Meridian had a return on equity of 10.49% and a net margin of 18.62%.

Prime Meridian Company Profile

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.