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

Prime Meridian Holding (OTCMKTS:PMHG) saw a large growth in short interest in June. As of June 30th, there was short interest totalling 5,000 shares, a growth 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 currently 0.4 days.

Prime Meridian Price Performance

OTCMKTS:PMHG opened at $23.00 on Friday. Prime Meridian has a 1-year low of $20.15 and a 1-year high of $24.25. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $22.37 and a 200 day simple moving average of $22.43. The stock has a market capitalization of $75.67 million, a PE ratio of 9.20 and a beta of 0.53.

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

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.