Short Interest in Marchex, Inc. (NASDAQ:MCHX) Increases By 19.0%

Marchex, Inc. (NASDAQ:MCHX) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 39,613 shares, an increase of 19.0% from the January 29th total of 33,278 shares. Based on an average daily volume of 31,706 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 31,706 shares, the days-to-cover ratio is currently 1.2 days.

Marchex Stock Performance

MCHX stock traded up $0.01 during trading on Wednesday, reaching $1.46. 6,820 shares of the company were exchanged, compared to its average volume of 19,295. The stock’s 50 day moving average price is $1.63 and its 200 day moving average price is $1.73. Marchex has a 52-week low of $1.26 and a 52-week high of $2.31. The company has a market cap of $64.50 million, a P/E ratio of -13.27 and a beta of 2.05.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Zacks Research raised shares of Marchex from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Marchex in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Hedge Funds Weigh In On Marchex

Several hedge funds have recently bought and sold shares of MCHX. Kanen Wealth Management LLC purchased a new stake in Marchex during the first quarter worth $813,000. Jane Street Group LLC acquired a new position in shares of Marchex during the 1st quarter worth $30,000. Marathon Capital Management boosted its position in shares of Marchex by 30.1% in the 2nd quarter. Marathon Capital Management now owns 54,000 shares of the technology company’s stock worth $117,000 after buying an additional 12,500 shares in the last quarter. Manatuck Hill Partners LLC purchased a new stake in shares of Marchex in the 2nd quarter worth about $88,000. Finally, XTX Topco Ltd acquired a new stake in Marchex in the 4th quarter valued at about $26,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.