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

Marchex, Inc. (NASDAQ:MCHX) was the target of a significant growth in short interest during 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. Based on an average trading volume of 23,734 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 23,734 shares, the short-interest ratio is currently 1.1 days.

Marchex Stock Performance

Shares of MCHX traded down $0.08 during trading hours on Monday, hitting $1.66. 12,189 shares of the company were exchanged, compared to its average volume of 17,830. Marchex has a 52 week low of $1.26 and a 52 week high of $2.31. The firm’s 50 day moving average is $1.64 and its 200-day moving average is $1.83. The company has a market cap of $73.38 million, a PE ratio of -15.10 and a beta of 1.93.

Wall Street Analysts Forecast Growth

MCHX has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Marchex in a research note on Wednesday, October 8th. Zacks Research cut shares of Marchex from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of Marchex

Several institutional investors have recently bought and sold shares of MCHX. Kanen Wealth Management LLC lifted its stake in Marchex by 62.9% in the 3rd quarter. Kanen Wealth Management LLC now owns 1,126,388 shares of the technology company’s stock valued at $1,949,000 after acquiring an additional 434,746 shares in the last quarter. AMH Equity Ltd raised its holdings in shares of Marchex by 28.2% in the 2nd quarter. AMH Equity Ltd now owns 278,276 shares of the technology company’s stock valued at $609,000 after purchasing an additional 61,163 shares during the period. Acuitas Investments LLC acquired a new position in Marchex during the second quarter worth approximately $141,000. Marathon Capital Management raised its stake in Marchex by 13.9% in the third quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock valued at $110,000 after buying an additional 7,500 shares during the period. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Marchex in the second quarter valued at approximately $88,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Marchex Company Profile

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.