Marchex, Inc. (NASDAQ:MCHX) Sees Large Increase in Short Interest

Marchex, Inc. (NASDAQ:MCHX) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 26,480 shares, a growth of 34.1% from the December 15th total of 19,752 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 23,734 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 23,734 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the shares of the company are short sold.

Marchex Price Performance

Marchex stock traded down $0.08 during mid-day trading on Monday, hitting $1.66. 12,189 shares of the company were exchanged, compared to its average volume of 17,830. Marchex has a 12-month low of $1.26 and a 12-month high of $2.31. The business’s 50 day simple moving average is $1.64 and its two-hundred day simple moving average is $1.82. The company has a market capitalization of $73.38 million, a P/E ratio of -15.10 and a beta of 1.93.

Hedge Funds Weigh In On Marchex

Several institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Marchex during the 1st quarter worth $30,000. Manatuck Hill Partners LLC acquired a new position in Marchex in the second quarter valued at $88,000. Marathon Capital Management lifted its position in Marchex by 13.9% during the third quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock worth $110,000 after buying an additional 7,500 shares during the period. Acuitas Investments LLC acquired a new stake in Marchex in the 2nd quarter worth about $141,000. Finally, AMH Equity Ltd boosted its stake in Marchex by 28.2% in the 2nd quarter. AMH Equity Ltd now owns 278,276 shares of the technology company’s stock worth $609,000 after buying an additional 61,163 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Zacks Research lowered shares of Marchex from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Marchex in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Marchex

Marchex, Inc (NASDAQ: MCHX) operates a call data and analytics platform designed to help businesses measure and optimize customer interactions. The company’s core services include call tracking, conversational analytics and performance marketing solutions that attribute phone calls to specific advertising campaigns. By capturing and analyzing voice interactions, Marchex enables advertisers, agencies and brands to gain actionable insights into caller intent, marketing ROI and customer behavior.

Through its suite of technologies, Marchex offers real-time call monitoring, keyword spotting and AI-driven transcription to surface trends and conversion signals from inbound calls.