QuoteMedia, Inc. (OTCMKTS:QMCI) Sees Significant Decline in Short Interest

QuoteMedia, Inc. (OTCMKTS:QMCI) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 3,700 shares, a decrease of 51.3% from the September 15th total of 7,600 shares. Based on an average daily volume of 45,100 shares, the days-to-cover ratio is presently 0.1 days.

QMCI stock remained flat at $$0.19 during midday trading on Thursday. The company’s stock had a trading volume of 56,000 shares, compared to its average volume of 92,195. The company has a market capitalization of $17.19 million, a price-to-earnings ratio of -19.00 and a beta of 1.75. QuoteMedia has a 1-year low of $0.08 and a 1-year high of $0.40. The business has a 50 day moving average price of $0.19 and a 200 day moving average price of $0.19.

About QuoteMedia

QuoteMedia, Inc engages in the provision of financial data, news feeds, market research information, and financial software solutions to online brokerages, clearing firms, banks, financial service companies, media portals, and public corporations. It operates through the following product lines: Interactive Content and Data Applications, Data Feed Services, and Portfolio Management Systems.

Featured Article: What is the significance of the death cross?

Receive News & Ratings for QuoteMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuoteMedia and related companies with MarketBeat.com's FREE daily email newsletter.