Marchex, Inc. (NASDAQ:MCHX) Sees Significant Decline in Short Interest

Marchex, Inc. (NASDAQ:MCHX) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 14,404 shares, a drop of 40.2% from the May 14th total of 24,073 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 42,346 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Marchex

A number of institutional investors and hedge funds have recently bought and sold shares of MCHX. Kanen Wealth Management LLC bought a new position in shares of Marchex in the first quarter valued at $813,000. XTX Topco Ltd bought a new position in shares of Marchex in the fourth quarter valued at $26,000. Manatuck Hill Partners LLC bought a new position in shares of Marchex in the second quarter valued at $88,000. Jane Street Group LLC bought a new position in shares of Marchex in the first quarter valued at $30,000. Finally, Acuitas Investments LLC bought a new position in shares of Marchex in the first quarter valued at $207,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Marchex Stock Performance

Shares of Marchex stock traded up $0.06 during trading hours on Tuesday, reaching $1.55. The company’s stock had a trading volume of 23,506 shares, compared to its average volume of 25,244. The company’s 50 day simple moving average is $1.62 and its 200 day simple moving average is $1.60. Marchex has a one year low of $1.32 and a one year high of $2.31. The stock has a market cap of $68.67 million, a P/E ratio of -14.09 and a beta of 1.91.

Marchex (NASDAQ:MCHX) last released its quarterly earnings results on Wednesday, May 13th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The firm had revenue of $10.62 million for the quarter, compared to the consensus estimate of $10.89 million. Marchex had a negative return on equity of 14.61% and a negative net margin of 11.15%. On average, sell-side analysts predict that Marchex will post 0.01 earnings per share for the current fiscal year.

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.