Prime Meridian Holding (OTCMKTS:PMHG) Short Interest Down 50.0% in December

Prime Meridian Holding (OTCMKTS:PMHG) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 100 shares, a drop of 50.0% from the November 30th total of 200 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 0.2 days.

Prime Meridian Stock Performance

Shares of OTCMKTS PMHG remained flat at $30.99 during midday trading on Friday. The firm has a market capitalization of $101.90 million, a P/E ratio of 12.60 and a beta of 0.54. The company’s 50-day moving average is $27.90 and its 200-day moving average is $25.44. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11. Prime Meridian has a one year low of $20.15 and a one year high of $30.99.

Prime Meridian (OTCMKTS:PMHG) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.78 earnings per share for the quarter. Prime Meridian had a net margin of 16.83% and a return on equity of 9.76%. The business had revenue of $8.47 million for 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.