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

QuoteMedia Inc. (OTCMKTS:QMCI) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 5,000 shares, a growth of ∞ from the April 15th total of 0 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 31,889 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded QuoteMedia to a “hold” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

QuoteMedia Price Performance

Shares of OTCMKTS QMCI traded down $0.02 during mid-day trading on Friday, hitting $0.16. The company had a trading volume of 55,500 shares, compared to its average volume of 20,385. The stock has a market cap of $14.48 million, a price-to-earnings ratio of -5.33 and a beta of 0.03. QuoteMedia has a 12 month low of $0.13 and a 12 month high of $0.18. The firm’s 50 day simple moving average is $0.15 and its two-hundred day simple moving average is $0.15.

QuoteMedia (OTCMKTS:QMCI) last announced its earnings results on Thursday, May 14th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $5.53 million during the quarter, compared to analysts’ expectations of $5.52 million.

About QuoteMedia

QuoteMedia, Inc is a Canada-based provider of digital market data and financial content solutions, founded in 1999 and headquartered in Montreal, Quebec. The company specializes in aggregating real-time and historical market information from major exchanges in North America and beyond, offering a range of delivery options to suit client needs. Its cloud-based infrastructure supports high-volume streaming and on-demand access to equity, ETF, mutual fund and fixed-income data.

The firm’s core product suite includes streaming quote and charting services, RESTful and WebSocket APIs, embeddable financial widgets and customizable portfolio-management tools.