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

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

Marchex Trading Down 3.9%

Marchex stock traded down $0.06 during trading hours on Monday, hitting $1.49. 21,367 shares of the stock traded hands, compared to its average volume of 18,138. The firm’s 50-day moving average price is $1.62 and its two-hundred day moving average price is $1.61. The company has a market cap of $66.01 million, a PE ratio of -13.55 and a beta of 1.91. Marchex has a one year low of $1.32 and a one year high of $2.31.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Wednesday, May 13th. The technology company reported ($0.03) earnings per share 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 net margin of 11.15% and a negative return on equity of 14.61%. On average, sell-side analysts expect that Marchex will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Marchex in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Institutional Trading of Marchex

Several large investors have recently bought and sold shares of the company. Kanen Wealth Management LLC boosted its position in Marchex by 4.1% during the 1st quarter. Kanen Wealth Management LLC now owns 1,300,388 shares of the technology company’s stock valued at $2,016,000 after acquiring an additional 50,989 shares in the last quarter. Acuitas Investments LLC bought a new stake in Marchex during the 1st quarter valued at approximately $207,000. XTX Topco Ltd bought a new stake in Marchex during the 4th quarter valued at approximately $26,000. Marathon Capital Management boosted its position in Marchex by 13.9% during the 3rd quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock valued at $110,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Manatuck Hill Partners LLC bought a new stake in shares of Marchex in the 2nd quarter worth approximately $88,000. 73.46% of the stock is owned by institutional investors.

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.