Prime Meridian Holding (OTCMKTS:PMHG) Short Interest Update

Prime Meridian Holding (OTCMKTS:PMHG) saw a significant increase in short interest in the month of 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 daily trading volume, of 12,800 shares, the days-to-cover ratio is presently 0.4 days.

Prime Meridian Stock Performance

OTCMKTS PMHG remained flat at $22.70 on Friday. 1,066 shares of the company traded hands, 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 stock’s 50 day moving average is $22.34 and its two-hundred 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 stock has a market capitalization of $74.68 million, a P/E ratio of 9.08 and a beta of 0.53.

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

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.