QuoteMedia Inc. (OTCMKTS:QMCI) Sees Significant Growth in Short Interest

QuoteMedia Inc. (OTCMKTS:QMCI) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,000 shares, an increase of ∞ from the April 15th total of 0 shares. Based on an average daily volume of 31,889 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

QuoteMedia Stock Down 9.0%

OTCMKTS QMCI traded down $0.02 during trading on Friday, hitting $0.16. The stock had a trading volume of 55,500 shares, compared to its average volume of 20,385. The company has a market capitalization of $14.48 million, a PE ratio of -5.33 and a beta of 0.03. The firm has a 50 day moving average price of $0.15 and a 200 day moving average price of $0.15. QuoteMedia has a twelve month low of $0.13 and a twelve month high of $0.18.

QuoteMedia (OTCMKTS:QMCI) last released its earnings results on Thursday, May 14th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $5.53 million during the quarter, compared to the consensus estimate of $5.52 million.

Wall Street Analyst Weigh In

Separately, Zacks Research raised QuoteMedia to a “hold” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, QuoteMedia has an average rating of “Hold”.

About QuoteMedia

QuoteMedia, Inc is a Canada-based provider of digital market data and financial content solutions, founded in 1999 and headquartered in Montreal, Quebec. The company specializes in aggregating real-time and historical market information from major exchanges in North America and beyond, offering a range of delivery options to suit client needs. Its cloud-based infrastructure supports high-volume streaming and on-demand access to equity, ETF, mutual fund and fixed-income data.

The firm’s core product suite includes streaming quote and charting services, RESTful and WebSocket APIs, embeddable financial widgets and customizable portfolio-management tools.