Marchex, Inc. (NASDAQ:MCHX) Short Interest Down 28.2% in April

Marchex, Inc. (NASDAQ:MCHX) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 19,026 shares, a drop of 28.2% from the March 31st total of 26,512 shares. Based on an average daily volume of 8,563 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.1% of the company’s stock are sold short.

Marchex Stock Down 0.6%

Marchex stock traded down $0.01 during trading on Friday, reaching $1.73. The stock had a trading volume of 3,077 shares, compared to its average volume of 16,205. Marchex has a 52-week low of $1.26 and a 52-week high of $2.31. The business has a 50 day moving average price of $1.54 and a 200 day moving average price of $1.62. The stock has a market cap of $75.96 million, a PE ratio of -14.42 and a beta of 1.96.

Marchex (NASDAQ:MCHX) last issued its quarterly earnings results on Wednesday, March 25th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Marchex had a negative return on equity of 15.14% and a negative net margin of 11.53%.The firm had revenue of $10.85 million during the quarter, compared to analysts’ expectations of $10.97 million. On average, equities analysts predict that Marchex will post -0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a research note on Tuesday, April 21st. Zacks Research raised shares of Marchex from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Institutional Trading of Marchex

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in Marchex during the fourth quarter worth approximately $26,000. Jane Street Group LLC acquired a new stake in Marchex during the first quarter worth approximately $30,000. Manatuck Hill Partners LLC acquired a new stake in Marchex during the second quarter worth approximately $88,000. Marathon Capital Management raised its holdings in 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 purchasing an additional 7,500 shares in the last quarter. Finally, Acuitas Investments LLC acquired a new stake in Marchex during the first quarter worth approximately $207,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Marchex Company Profile

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.