OTC Markets Group Inc. (OTCMKTS:OTCM) Sees Large Drop in Short Interest

by · The Cerbat Gem

OTC Markets Group Inc. (OTCMKTS:OTCM – Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 400 shares, a decline of 33.3% from the September 15th total of 600 shares. Based on an average daily trading volume, of 7,600 shares, the short-interest ratio is currently 0.1 days.

OTC Markets Group Trading Down 0.0 %

OTCM stock traded down $0.01 during mid-day trading on Friday, hitting $48.49. The stock had a trading volume of 41,651 shares, compared to its average volume of 5,478. The firm has a fifty day simple moving average of $47.65 and a 200 day simple moving average of $49.86. OTC Markets Group has a 52 week low of $45.00 and a 52 week high of $62.00. The firm has a market capitalization of $580.47 million, a P/E ratio of 21.55, a P/E/G ratio of 2.26 and a beta of 0.54.

OTC Markets Group (OTCMKTS:OTCM – Get Free Report) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). The business had revenue of $27.56 million for the quarter, compared to analyst estimates of $28.06 million. OTC Markets Group had a return on equity of 71.64% and a net margin of 24.67%. As a group, equities analysts expect that OTC Markets Group will post 2.36 earnings per share for the current fiscal year.

OTC Markets Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, September 5th. OTC Markets Group’s dividend payout ratio (DPR) is presently 32.00%.

About OTC Markets Group

(Get Free Report)

OTC Markets Group Inc operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market. The company's OTC Link Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.

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