OTC Markets Group Inc. (OTCMKTS:OTCM) Short Interest Down 33.3% in August

Key Points

• OTC Markets Group Inc. experienced a 33.3% decrease in short interest for August, with total short interest dropping to just 600 shares as of August 31st.
• The company reported earnings per share (EPS) of $0.60 for the last quarter, falling short of analysts' expectations of $0.62, alongside a revenue of $29.51 million.
• OTC Markets Group announced a dividend of $0.18 per share, with a high dividend yield of 143.0%, to be paid on September 18th.

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 600 shares, a decrease of 33.3% from the August 15th total of 900 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 17,700 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 17,700 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

OTC Markets Group Stock Up 3.8%

OTCM traded up $1.88 during trading on Friday, hitting $52.00. The company's stock had a trading volume of 38,831 shares, compared to its average volume of 6,091. The firm has a market cap of $625.04 million, a PE ratio of 22.51, a P/E/G ratio of 1.58 and a beta of 0.50. OTC Markets Group has a one year low of $44.20 and a one year high of $60.50. The business's 50 day simple moving average is $54.18 and its 200-day simple moving average is $51.23.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). The company had revenue of $29.51 million for the quarter, compared to analysts' expectations of $29.78 million. OTC Markets Group had a return on equity of 67.28% and a net margin of 23.96%. Equities research analysts expect that OTC Markets Group will post 2.4 EPS for the current fiscal year.

OTC Markets Group Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were given a $0.18 dividend. The ex-dividend date was Thursday, September 4th. This represents a yield of 143.0%. OTC Markets Group's dividend payout ratio is 31.17%.

About OTC Markets Group

OTC Markets Group Inc operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market. The company's OTC Link Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.