Medical Transcription Billing, Corp. (NASDAQ:MTBC) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 465,790 shares, a decrease of 28.5% from the May 15th total of 651,076 shares. Based on an average daily volume of 1,010,623 shares, the days-to-cover ratio is currently 0.5 days. Approximately 10.5% of the company’s shares are short sold.

A number of research firms have recently weighed in on MTBC. Zacks Investment Research raised Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Chardan Capital increased their price target on Medical Transcription Billing, Corp. from $1.85 to $2.25 and gave the company a “buy” rating in a research note on Monday, May 15th. Finally, ValuEngine raised Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.

Medical Transcription Billing, Corp. (MTBC) traded down 6.11% on Friday, hitting $1.23. The stock had a trading volume of 173,825 shares. Medical Transcription Billing, Corp. has a 1-year low of $0.29 and a 1-year high of $3.84. The company’s 50 day moving average is $1.78 and its 200-day moving average is $1.07. The firm’s market capitalization is $14.08 million.

Medical Transcription Billing, Corp. (NASDAQ:MTBC) last announced its quarterly earnings results on Wednesday, May 10th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.20. The business had revenue of $8.22 million for the quarter. Medical Transcription Billing, Corp. had a negative net margin of 34.49% and a negative return on equity of 72.93%. On average, analysts forecast that Medical Transcription Billing, Corp. will post ($0.75) EPS for the current year.

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About Medical Transcription Billing, Corp.

Medical Transcription Billing, Corp. is a healthcare information technology company that provides an integrated suite of Web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. The Company’s offering, PracticePro, allows healthcare practices with the core software and business services on Software-as-a-Service (SaaS) platform.

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