Short Interest in OTC Markets Group Inc. (OTCMKTS:OTCM) Expands By 300.0%

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,200 shares, an increase of 300.0% from the March 31st total of 300 shares. Based on an average trading volume of 12,500 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

OTC Markets Group Trading Up 4.8 %

Shares of OTCM traded up $2.29 during mid-day trading on Friday, hitting $49.94. The company's stock had a trading volume of 6,052 shares, compared to its average volume of 4,499. OTC Markets Group has a 1-year low of $44.20 and a 1-year high of $55.24. The firm has a market capitalization of $599.93 million, a P/E ratio of 22.29, a P/E/G ratio of 2.17 and a beta of 0.46. The firm has a 50-day simple moving average of $47.42 and a 200 day simple moving average of $50.42.

OTC Markets Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were given a $0.18 dividend. The ex-dividend date was Monday, March 24th. This represents a $0.72 annualized dividend and a dividend yield of 1.44%. OTC Markets Group's dividend payout ratio is presently 31.86%.

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.