Marchex, Inc. (NASDAQ:MCHX) Short Interest Update

Marchex, Inc. (NASDAQ:MCHX) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 14,404 shares, a decline of 40.2% from the May 14th total of 24,073 shares. Based on an average daily volume of 42,346 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in Marchex in the 4th quarter worth about $26,000. Jane Street Group LLC purchased a new position in shares of Marchex during the first quarter worth approximately $30,000. Manatuck Hill Partners LLC purchased a new position in shares of Marchex during the second quarter worth approximately $88,000. Marathon Capital Management increased its position in shares of Marchex by 13.9% during the third quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock worth $110,000 after acquiring an additional 7,500 shares during the period. Finally, Acuitas Investments LLC purchased a new position in shares of Marchex during the first quarter worth approximately $207,000. Institutional investors own 73.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a research report on Tuesday, April 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Marchex has an average rating of “Reduce”.

Marchex Stock Down 3.9%

MCHX traded down $0.06 during mid-day trading on Monday, reaching $1.49. 21,367 shares of the company traded hands, compared to its average volume of 18,138. The stock has a market capitalization of $66.01 million, a P/E ratio of -13.55 and a beta of 1.91. Marchex has a 52-week low of $1.32 and a 52-week high of $2.31. The company’s fifty day moving average price is $1.62 and its 200-day moving average price is $1.61.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Wednesday, May 13th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The company had revenue of $10.62 million during the quarter, compared to analysts’ expectations of $10.89 million. Marchex had a negative return on equity of 14.61% and a negative net margin of 11.15%. As a group, sell-side analysts forecast that Marchex will post 0.01 earnings per share for the current fiscal year.

About Marchex

Marchex, Inc (NASDAQ: MCHX) operates a call data and analytics platform designed to help businesses measure and optimize customer interactions. The company’s core services include call tracking, conversational analytics and performance marketing solutions that attribute phone calls to specific advertising campaigns. By capturing and analyzing voice interactions, Marchex enables advertisers, agencies and brands to gain actionable insights into caller intent, marketing ROI and customer behavior.

Through its suite of technologies, Marchex offers real-time call monitoring, keyword spotting and AI-driven transcription to surface trends and conversion signals from inbound calls.