Marchex, Inc. (NASDAQ:MCHX) Sees Large Increase in Short Interest

Marchex, Inc. (NASDAQ:MCHX) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 39,613 shares, an increase of 19.0% from the January 29th total of 33,278 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 31,706 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 31,706 shares, the short-interest ratio is currently 1.2 days. Approximately 0.1% of the shares of the company are short sold.

Marchex Stock Performance

Shares of NASDAQ:MCHX opened at $1.42 on Friday. The company’s fifty day moving average is $1.63 and its 200-day moving average is $1.73. Marchex has a 52 week low of $1.26 and a 52 week high of $2.31. The company has a market capitalization of $62.74 million, a PE ratio of -12.91 and a beta of 2.05.

Institutional Trading of Marchex

Large investors have recently added to or reduced their stakes in the company. Kanen Wealth Management LLC raised its stake in shares of Marchex by 10.9% in the fourth quarter. Kanen Wealth Management LLC now owns 1,249,399 shares of the technology company’s stock valued at $2,099,000 after acquiring an additional 123,011 shares during the last quarter. Marathon Capital Management increased its holdings 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 purchasing an additional 7,500 shares in the last quarter. Manatuck Hill Partners LLC bought a new position in Marchex in the 2nd quarter valued at $88,000. Jane Street Group LLC acquired a new position in Marchex in the first quarter worth $30,000. Finally, XTX Topco Ltd bought a new stake in shares of Marchex during the fourth quarter worth $26,000. 73.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MCHX has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Marchex in a research note on Thursday, January 22nd. Zacks Research raised shares of Marchex from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.