Marchex, Inc. (NASDAQ:MCHX) Short Interest Down 35.0% in February

Marchex, Inc. (NASDAQ:MCHX) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 25,743 shares, a decline of 35.0% from the February 12th total of 39,613 shares. Based on an average daily volume of 13,448 shares, the short-interest ratio is currently 1.9 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 13,448 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On Marchex

Hedge funds have recently bought and sold shares of the company. Kanen Wealth Management LLC raised its holdings in Marchex by 10.9% during the fourth quarter. Kanen Wealth Management LLC now owns 1,249,399 shares of the technology company’s stock worth $2,099,000 after purchasing an additional 123,011 shares during the last quarter. XTX Topco Ltd acquired a new stake in Marchex in the fourth quarter valued at $26,000. Marathon Capital Management increased its position in shares of 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 in the last quarter. Manatuck Hill Partners LLC purchased a new position in shares of Marchex in the second quarter valued at $88,000. Finally, Jane Street Group LLC purchased a new position in shares of Marchex in the first quarter valued at $30,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Marchex Stock Performance

MCHX stock traded up $0.03 during trading on Friday, reaching $1.43. 1,884 shares of the company were exchanged, compared to its average volume of 10,610. The stock’s 50 day moving average price is $1.60 and its 200 day moving average price is $1.70. Marchex has a 52-week low of $1.26 and a 52-week high of $2.31. The company has a market cap of $63.18 million, a P/E ratio of -13.00 and a beta of 2.05.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Zacks Research raised Marchex from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Marchex in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Marchex presently has an average rating of “Reduce”.

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.