Old Market Capital Corporation (NASDAQ:OMCC) Sees Large Drop in Short Interest

Old Market Capital Corporation (NASDAQ:OMCC) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 58,155 shares, a decrease of 43.3% from the December 15th total of 102,612 shares. Based on an average daily volume of 19,384 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.7% of the company’s stock are short sold. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 19,384 shares, the days-to-cover ratio is presently 3.0 days.

Old Market Capital Price Performance

NASDAQ:OMCC remained flat at $3.15 during trading hours on Friday. The company’s stock had a trading volume of 26,783 shares, compared to its average volume of 70,289. The stock has a market capitalization of $21.39 million, a PE ratio of -9.84 and a beta of 1.00. Old Market Capital has a 52-week low of $2.72 and a 52-week high of $6.95. The company’s fifty day simple moving average is $4.70 and its 200 day simple moving average is $5.31. The company has a current ratio of 4.55, a quick ratio of 4.31 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Old Market Capital in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About Old Market Capital

Old Market Capital Corporation provides broadband internet, voice over internet protocol, and video services in Northwest and Northcentral Ohio. The company was formerly known as Nicholas Financial, Inc and changed its name to Old Market Capital Corporation in September 2024. Old Market Capital Corporation was founded in 1985 and is headquartered in Clearwater, Florida.