Medical Transcription Billing, Corp. (NASDAQ:MTBC) was the recipient of a large drop in short interest in May. As of May 31st, there was short interest totalling 465,790 shares, a drop of 28.5% from the May 15th total of 651,076 shares. Based on an average daily trading volume, of 1,010,623 shares, the short-interest ratio is currently 0.5 days. Currently, 10.5% of the shares of the stock are sold short.

Medical Transcription Billing, Corp. (MTBC) opened at 1.54 on Wednesday. The firm’s market capitalization is $15.67 million. Medical Transcription Billing, Corp. has a 1-year low of $0.29 and a 1-year high of $3.84. The company has a 50-day moving average price of $1.84 and a 200 day moving average price of $1.01.

Medical Transcription Billing, Corp. (NASDAQ:MTBC) last posted its earnings results on Wednesday, May 10th. The technology company reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.20. The company had revenue of $8.22 million for the quarter. Medical Transcription Billing, Corp. had a negative return on equity of 72.93% and a negative net margin of 34.49%. Analysts expect that Medical Transcription Billing, Corp. will post ($0.75) earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. Chardan Capital increased their price objective on Medical Transcription Billing, Corp. from $1.85 to $2.25 and gave the company a “buy” rating in a research note on Monday, May 15th. Finally, ValuEngine raised Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.

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About Medical Transcription Billing, Corp.

Medical Transcription Billing, Corp. is a healthcare information technology company that provides an integrated suite of Web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. The Company’s offering, PracticePro, allows healthcare practices with the core software and business services on Software-as-a-Service (SaaS) platform.

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