OTC Markets Group Inc. (OTCMKTS:OTCM – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 2,290 shares, a drop of 37.9% from the July 30th total of 3,690 shares. Based on an average trading volume of 11,334 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.
OTC Markets Group Stock Down 1.7%
Shares of OTCM opened at $54.80 on Tuesday. The company has a market capitalization of $656.50 million, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.53 and a beta of 0.31. The firm has a 50 day moving average of $53.46 and a 200 day moving average of $53.30. OTC Markets Group has a twelve month low of $49.35 and a twelve month high of $58.00.
OTC Markets Group (OTCMKTS:OTCM – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.70 by $0.34. The company had revenue of $33.74 million for the quarter, compared to analysts’ expectations of $33.22 million. OTC Markets Group had a return on equity of 73.96% and a net margin of 24.95%. On average, sell-side analysts expect that OTC Markets Group will post 2.8 EPS for the current year.
About OTC Markets Group
OTC Markets Group operates a network of electronic trading platforms that provide real-time quotes, trading, and market data for over-the-counter (OTC) securities. Through its tiered marketplaces—OTCQX for established companies, OTCQB for early-stage and developing firms, and OTC Pink for less transparent issuers—the company connects broker-dealers, institutional investors, and retail participants. Its platforms facilitate price discovery and liquidity for a wide range of securities, including foreign issuers, micro-caps, and funds.
The company’s product suite extends beyond trading venues to encompass market data services, corporate disclosure tools, and compliance solutions.
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