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

OTC Markets Group Inc. (OTCMKTS:OTCM) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 300 shares, a drop of 25.0% from the February 28th total of 400 shares. Based on an average daily trading volume, of 9,100 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

OTC Markets Group Trading Down 0.9 %

OTCMKTS OTCM traded down $0.45 on Tuesday, hitting $47.00. 3,971 shares of the company’s stock were exchanged, compared to its average volume of 4,468. The stock has a 50-day moving average of $50.21 and a 200-day moving average of $50.69. The stock has a market cap of $564.61 million, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.17 and a beta of 0.54. OTC Markets Group has a 52 week low of $45.00 and a 52 week high of $55.25.

OTC Markets Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Monday, March 24th. OTC Markets Group’s payout ratio is 31.86%.

About OTC Markets Group

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.