Short Interest in OTC Markets Group Inc. (OTCMKTS:OTCM) Increases By 25.0%

OTC Markets Group Inc. (OTCMKTS:OTCM) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 500 shares, a growth of 25.0% from the September 30th total of 400 shares. Based on an average daily volume of 34,000 shares, the days-to-cover ratio is currently 0.0 days.

OTC Markets Group Trading Up 3.7 %

Shares of OTCM traded up $1.84 during midday trading on Wednesday, reaching $51.35. The stock had a trading volume of 10,912 shares, compared to its average volume of 5,405. The firm has a 50 day simple moving average of $48.17 and a 200-day simple moving average of $49.43. The firm has a market cap of $614.92 million, a PE ratio of 22.10, a P/E/G ratio of 2.38 and a beta of 0.54. OTC Markets Group has a one year low of $45.00 and a one year high of $62.00.

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

OTC Markets Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.40%. The ex-dividend date was Thursday, September 5th. OTC Markets Group’s payout ratio is presently 32.14%.

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.