OTC Markets Group Inc. (OTCMKTS:OTCM) Sees Large Growth in Short Interest

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 recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,300 shares, agrowthof155.6% from the June 30th total of 900 shares. Based on an average daily volume of 11,900 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 11,900 shares, the short-interest ratio is currently 0.2 days.

OTC Markets Group Stock Performance

Shares of OTCM stock traded down $1.30 during mid-day trading on Thursday, reaching $54.75. 12,651 shares of the company's stock traded hands, compared to its average volume of 4,871. OTC Markets Group has a 12 month low of $44.20 and a 12 month high of $60.50. The firm has a 50 day moving average price of $55.03 and a two-hundred day moving average price of $51.12. The firm has a market capitalization of $658.10 million, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.78 and a beta of 0.52.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.02). The firm had revenue of $29.51 million during the quarter, compared to analysts' expectations of $29.78 million. OTC Markets Group had a return on equity of 67.70% and a net margin of 24.08%. As a group, equities analysts expect that OTC Markets Group will post 2.4 earnings per share for the current fiscal year.

OTC Markets Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a dividend of $0.18 per share. This represents a yield of 144.0%. The ex-dividend date of this dividend was Wednesday, June 4th. OTC Markets Group's dividend payout ratio (DPR) is presently 31.72%.

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.