OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 500 shares, a decline of 44.4% from the April 30th total of 900 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 10,900 shares, the days-to-cover ratio is currently 0.0 days.
OTC Markets Group Stock Performance
Shares of OTCM stock traded up $0.40 during trading on Tuesday, hitting $50.40. The company had a trading volume of 3,225 shares, compared to its average volume of 4,462. The firm has a market capitalization of $605.66 million, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 2.17 and a beta of 0.45. The stock's 50-day moving average price is $47.82 and its 200 day moving average price is $50.19. OTC Markets Group has a one year low of $44.20 and a one year high of $55.24.
OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). OTC Markets Group had a net margin of 24.63% and a return on equity of 70.24%. The firm had revenue of $29.43 million for the quarter, compared to analyst estimates of $27.96 million. On average, research analysts anticipate that OTC Markets Group will post 2.4 earnings per share for the current fiscal year.
OTC Markets Group Cuts Dividend
The business also recently declared a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a dividend yield of 1.44%. OTC Markets Group's dividend payout ratio (DPR) is presently 31.72%.
About OTC Markets Group
(
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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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