Short Interest in OTC Markets Group Inc. (OTCMKTS:OTCM) Declines By 69.0%

Key Points

• OTC Markets Group Inc. experienced a 69% decrease in short interest in August, with the total dropping to 900 shares from 2,900 shares as of July 31st.
• The company reported $0.60 earnings per share for the quarter, falling short of the expected $0.62 EPS, while revenue was $29.51 million, just below predictions of $29.78 million.
• OTC Markets Group will pay a dividend of $0.18 per share on September 18th, representing an impressive yield of 143% for investors of record on September 5th.

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) was the target of a significant decrease in short interest in August. As of August 15th, there was short interest totaling 900 shares, adecreaseof69.0% from the July 31st total of 2,900 shares. Based on an average trading volume of 11,300 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 11,300 shares, the days-to-cover ratio is currently 0.1 days.

OTC Markets Group Trading Down 4.1%

OTCMKTS OTCM traded down $2.19 on Friday, hitting $50.70. 5,560 shares of the company were exchanged, compared to its average volume of 6,508. The company has a market cap of $609.41 million, a PE ratio of 21.95, a PEG ratio of 1.60 and a beta of 0.50. OTC Markets Group has a 12 month low of $44.20 and a 12 month high of $60.50. The stock has a fifty day moving average of $55.63 and a 200-day moving average of $51.25.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $0.60 earnings per share (EPS) 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 the consensus estimate of $29.78 million. OTC Markets Group had a return on equity of 67.28% and a net margin of 23.96%. On average, analysts expect that OTC Markets Group will post 2.4 earnings per share for the current year.

OTC Markets Group Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.18 per share. This represents a dividend yield of 143.0%. The ex-dividend date is Thursday, September 4th. OTC Markets Group's dividend payout ratio (DPR) is currently 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.