Marchex, Inc. (NASDAQ:MCHX) Sees Significant Increase in Short Interest

Marchex, Inc. (NASDAQ:MCHX) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 46,647 shares, an increase of 162.1% from the June 15th total of 17,798 shares. Based on an average daily volume of 28,363 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Marchex in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Marchex currently has a consensus rating of “Reduce”.

Marchex Trading Up 1.2%

Shares of MCHX opened at $1.72 on Thursday. The stock has a market capitalization of $76.20 million, a price-to-earnings ratio of -15.64 and a beta of 1.89. Marchex has a 12 month low of $1.32 and a 12 month high of $2.14. The firm has a fifty day simple moving average of $1.61 and a 200 day simple moving average of $1.60.

Marchex (NASDAQ:MCHX) last issued its quarterly earnings results on Wednesday, May 13th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Marchex had a negative net margin of 11.15% and a negative return on equity of 14.61%. The business had revenue of $10.62 million during the quarter, compared to analyst estimates of $10.89 million. As a group, research analysts predict that Marchex will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Marchex

Several institutional investors and hedge funds have recently bought and sold shares of MCHX. XTX Topco Ltd bought a new position in Marchex in the fourth quarter valued at approximately $26,000. Jane Street Group LLC bought a new stake in shares of Marchex during the 1st quarter worth approximately $30,000. Manatuck Hill Partners LLC bought a new stake in shares of Marchex during the 2nd quarter worth approximately $88,000. Kanen Wealth Management LLC boosted its holdings in shares of Marchex by 4.1% in the 1st quarter. Kanen Wealth Management LLC now owns 1,300,388 shares of the technology company’s stock valued at $2,016,000 after buying an additional 50,989 shares during the last quarter. Finally, Acuitas Investments LLC bought a new position in shares of Marchex in the first quarter valued at $207,000. Institutional investors own 73.46% of the company’s stock.

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.