OTC Markets Group Inc. (OTCMKTS:OTCM) Short Interest Down 61.5% in July

OTC Markets Group Inc. (OTCMKTS:OTCM) saw a large drop in short interest in July. As of July 15th, there was short interest totalling 500 shares, a drop of 61.5% from the June 30th total of 1,300 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is presently 0.1 days.

OTC Markets Group Price Performance

Shares of OTCM traded up $0.15 during mid-day trading on Thursday, reaching $49.01. The company’s stock had a trading volume of 1,488 shares, compared to its average volume of 4,422. OTC Markets Group has a 12-month low of $48.00 and a 12-month high of $62.00. The stock has a market cap of $586.65 million, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.14 and a beta of 0.54. The company’s 50 day moving average is $49.84 and its 200 day moving average is $53.60.

OTC Markets Group (OTCMKTS:OTCM) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). OTC Markets Group had a net margin of 24.95% and a return on equity of 73.70%. The business had revenue of $27.66 million during the quarter, compared to analysts’ expectations of $28.38 million. As a group, sell-side analysts anticipate that OTC Markets Group will post 2.58 EPS for the current fiscal year.

OTC Markets Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.47%. OTC Markets Group’s dividend payout ratio is presently 32.00%.

OTC Markets Group Company Profile

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.