Marchex, Inc. (NASDAQ:MCHX) Short Interest Update

Marchex, Inc. (NASDAQ:MCHX) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 21,900 shares, a growth of 27.3% from the February 13th total of 17,200 shares. Based on an average trading volume of 60,600 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Marchex Trading Down 3.5 %

Shares of Marchex stock traded down $0.07 during trading on Monday, reaching $1.91. The company’s stock had a trading volume of 49,021 shares, compared to its average volume of 44,114. The company has a 50-day moving average price of $1.98 and a two-hundred day moving average price of $1.89. The firm has a market cap of $83.43 million, a PE ratio of -21.22 and a beta of 1.87. Marchex has a fifty-two week low of $1.20 and a fifty-two week high of $2.40.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $11.92 million during the quarter, compared to analyst estimates of $12.01 million. Marchex had a negative net margin of 8.60% and a negative return on equity of 10.76%. On average, analysts predict that Marchex will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Marchex in a report on Monday, March 10th. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On Marchex

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Marchex by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 347,386 shares of the technology company’s stock valued at $650,000 after buying an additional 29,042 shares during the period. AMH Equity Ltd acquired a new position in Marchex in the 4th quarter valued at $438,000. Millennium Management LLC increased its stake in Marchex by 55.5% in the 4th quarter. Millennium Management LLC now owns 21,287 shares of the technology company’s stock valued at $37,000 after buying an additional 7,598 shares during the period. Arcadia Wealth Management Inc. acquired a new position in Marchex in the 4th quarter valued at $51,000. Finally, LPL Financial LLC acquired a new position in Marchex in the 4th quarter valued at $55,000. 73.46% of the stock is owned by institutional investors and hedge funds.

About Marchex

Marchex, Inc, a conversation intelligence company, provides conversational analytics and related solutions in the United States, Canada, and internationally. Its products include Marketing Edge that identifies which campaigns and channels are driving inbound conversations, evaluates what happens during those conversations, and closes the sales loop by connecting converted sales to marketing driven leads; Sonar Business Text Messaging, an artificial intelligence (AI) empowered intelligent workflow enabled mobile messaging solution that enables operations, sales, and marketing teams to communicate personally with field staff, prospects, and customers; Marchex Platform Services, a robust API-based conversation intelligence product that allows executives, sales, customer engagement, and marketing teams to apply Marchex AI to most any calls, regardless of communication platform, in order to identify actionable insights from conversations with their customers; Spotlight, an AI conversation analytics product for multi-location businesses; and Engage, a solution that provides locations with applications to enhance their overall performance.