Marchex, Inc. (NASDAQ:MCHX) Short Interest Update

Marchex, Inc. (NASDAQ:MCHX) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 17,200 shares, a decrease of 40.3% from the January 31st total of 28,800 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 61,300 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Marchex in a research note on Sunday. They set a “hold” rating for the company.

Marchex Stock Down 1.5 %

Shares of MCHX stock traded down $0.03 during trading hours on Tuesday, reaching $1.95. 12,906 shares of the stock traded hands, compared to its average volume of 46,700. Marchex has a 1-year low of $1.11 and a 1-year high of $2.40. The business has a fifty day moving average price of $1.96 and a 200 day moving average price of $1.89. The firm has a market capitalization of $85.18 million, a PE ratio of -21.66 and a beta of 1.92.

Institutional Investors Weigh In On Marchex

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Marchex by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company’s stock valued at $630,000 after acquiring an additional 12,255 shares during the period. AMH Equity Ltd acquired a new stake in shares of Marchex during the fourth quarter valued at approximately $438,000. LPL Financial LLC acquired a new stake in shares of Marchex during the fourth quarter valued at approximately $55,000. Finally, Millennium Management LLC raised its holdings in shares of Marchex by 55.5% during the fourth quarter. Millennium Management LLC now owns 21,287 shares of the technology company’s stock valued at $37,000 after acquiring an additional 7,598 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

About Marchex

Marchex, Inc, a conversation intelligence company, provides conversational analytics and related solutions in the United States, Canada, and internationally. Its products include Marketing Edge that identifies which campaigns and channels are driving inbound conversations, evaluates what happens during those conversations, and closes the sales loop by connecting converted sales to marketing driven leads; Sonar Business Text Messaging, an artificial intelligence (AI) empowered intelligent workflow enabled mobile messaging solution that enables operations, sales, and marketing teams to communicate personally with field staff, prospects, and customers; Marchex Platform Services, a robust API-based conversation intelligence product that allows executives, sales, customer engagement, and marketing teams to apply Marchex AI to most any calls, regardless of communication platform, in order to identify actionable insights from conversations with their customers; Spotlight, an AI conversation analytics product for multi-location businesses; and Engage, a solution that provides locations with applications to enhance their overall performance.