Marchex, Inc. (NASDAQ:MCHX) Stock Short Interest Falls 43.1%

by · The Markets Daily

Marchex, Inc. (NASDAQ:MCHX – Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 37,732 shares, a decrease of 43.1% from the September 15th total of 66,288 shares. Based on an average daily volume of 77,181 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Marchex Price Performance

Shares of Marchex stock traded up $0.04 on Friday, hitting $1.26. 56,481 shares of the company’s stock traded hands, compared to its average volume of 54,296. The firm’s 50-day moving average price is $1.52 and its two-hundred day moving average price is $1.60. The stock has a market capitalization of $55.87 million, a PE ratio of -10.50 and a beta of 1.90. Marchex has a one year low of $1.15 and a one year high of $2.00.

Marchex (NASDAQ:MCHX – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The technology company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The company had revenue of $11.00 million for the quarter, compared to analyst estimates of $11.20 million. Marchex had a negative return on equity of 18.25% and a negative net margin of 12.44%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Marchex in a research report on Thursday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Marchex has a consensus rating of “Reduce”.

Read Our Latest Report on MCHX

Institutional Trading of Marchex

An institutional investor recently bought a new position in Marchex stock. Acuitas Investments LLC acquired a new stake in Marchex, Inc. (NASDAQ:MCHX – Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 133,702 shares of the technology company’s stock, valued at approximately $207,000. Marchex makes up approximately 14.7% of Acuitas Investments LLC’s holdings, making the stock its 3rd largest position. Acuitas Investments LLC owned about 0.30% of Marchex as of its most recent SEC filing. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

About Marchex

(Get Free Report)

Marchex, Inc is a conversation intelligence and analytics company that helps businesses understand and improve customer interactions. Its technology uses artificial intelligence, speech analytics, and automation to analyze conversations across phone calls, text messages, and other communication channels.

The company provides solutions designed to help organizations generate and manage leads, evaluate customer service and sales performance, identify buying intent, and improve marketing attribution.

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