Short Interest in First Farmers and Merchants Co. (OTCMKTS:FFMH) Drops By 22.2%

First Farmers and Merchants Co. (OTCMKTS:FFMH) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 700 shares, a decrease of 22.2% from the September 15th total of 900 shares. Based on an average daily volume of 1,200 shares, the short-interest ratio is presently 0.6 days.

First Farmers and Merchants Price Performance

Shares of OTCMKTS:FFMH traded down $0.38 during trading on Monday, reaching $34.13. The company had a trading volume of 500 shares, compared to its average volume of 1,947. First Farmers and Merchants has a 12 month low of $24.70 and a 12 month high of $36.00. The company has a fifty day moving average of $34.65 and a two-hundred day moving average of $31.44.

First Farmers and Merchants Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Monday, October 7th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, October 7th. This is a positive change from First Farmers and Merchants’s previous quarterly dividend of $0.20. This represents a $1.08 annualized dividend and a dividend yield of 3.16%.

About First Farmers and Merchants

First Farmers and Merchants Corporation operates as the bank holding company for First Farmers and Merchants Bank that provides various banking and financial services in Middle Tennessee and Northern Alabama. The company's deposit products include personal and business checking and savings, and individual retirement and investment accounts, as well as certificates of deposit.