OTC Markets Group Inc. (OTCMKTS:OTCM) Short Interest Up 155.6% in July

Key Points

• The short interest in OTC Markets Group Inc. increased by 155.6% in July, reaching a total of 2,300 shares as of July 15th.
• The company's recent earnings report showed $0.50 earnings per share, which missed analyst expectations, despite revenue exceeding forecasts at $29.43 million.
• OTC Markets Group announced a dividend of $0.18 per share with a yield of 144.0% and a payout ratio of 31.72%.

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,300 shares, anincreaseof155.6% from the June 30th total of 900 shares. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is currently 0.2 days.

OTC Markets Group Price Performance

OTCM opened at $57.85 on Monday. The firm has a market cap of $695.36 million, a P/E ratio of 25.48, a PEG ratio of 1.82 and a beta of 0.52. OTC Markets Group has a 1-year low of $44.20 and a 1-year high of $60.50. The company has a 50 day simple moving average of $54.64 and a two-hundred day simple moving average of $51.02.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). OTC Markets Group had a return on equity of 67.70% and a net margin of 24.08%. The company had revenue of $29.43 million for the quarter, compared to the consensus estimate of $27.96 million. Equities analysts anticipate that OTC Markets Group will post 2.4 earnings per share for the current year.

OTC Markets Group Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, June 4th. This represents a dividend yield of 144.0%. OTC Markets Group's dividend payout ratio is currently 31.72%.

OTC Markets Group Company Profile

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.

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