Short Interest in Marchex Expands By 36.1% (MCHX)
Shares of Marchex (NASDAQ:MCHX) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 1,619,687 shares, a growth of 36.1% from the July 15th total of 1,189,871 shares, Analyst RN reports. Approximately 5.5% of the company’s shares are short sold. Based on an average trading volume of 190,448 shares, the short-interest ratio is presently 8.5 days.
Separately, analysts at Northland Securities raised their price target on shares of Marchex from $15.50 to $17.00 in a research note on Monday, June 30th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a buy rating, Marchex has an average rating of “Buy” and an average price target of $13.40.
Marchex (NASDAQ:MCHX) opened at 9.33 on Thursday. Marchex has a one year low of $6.60 and a one year high of $12.84. The stock has a 50-day moving average of $11.42 and a 200-day moving average of $10.80. The company has a market cap of $379.6 million and a price-to-earnings ratio of 88.45.
Marchex (NASDAQ:MCHX) last released its earnings data on Tuesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $47.40 million for the quarter, compared to the consensus estimate of $46.44 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. Analysts expect that Marchex will post $0.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Tuesday, August 5th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, August 1st.
Marchex, Inc is a digital call advertising and small business solutions company. The Company offers products, services and technologies that enable advertisers to reach local consumers across online, mobile and offline sources.
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