Prime Meridian Holding (OTCMKTS:PMHG) Short Interest Up 300.0% in November

Prime Meridian Holding (OTCMKTS:PMHG) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 400 shares, an increase of 300.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is currently 0.1 days.

Prime Meridian Price Performance

OTCMKTS:PMHG traded up $0.03 during trading hours on Wednesday, hitting $29.00. 1,400 shares of the company’s stock traded hands, compared to its average volume of 2,069. Prime Meridian has a 52 week low of $20.15 and a 52 week high of $29.00. The business’s fifty day simple moving average is $26.04 and its two-hundred day simple moving average is $24.38. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. The firm has a market cap of $95.41 million, a P/E ratio of 11.78 and a beta of 0.51.

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

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.