QuoteMedia Inc. (OTCMKTS:QMCI) Sees Large Decrease in Short Interest

QuoteMedia Inc. (OTCMKTS:QMCI) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,439 shares, a drop of 51.2% from the April 30th total of 5,000 shares. Based on an average daily volume of 59,158 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of QuoteMedia to a “hold” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

QuoteMedia Stock Performance

Shares of QMCI opened at $0.15 on Wednesday. QuoteMedia has a 12 month low of $0.13 and a 12 month high of $0.18. The firm’s 50 day moving average is $0.16 and its 200-day moving average is $0.15. The stock has a market capitalization of $13.66 million, a PE ratio of -5.03 and a beta of 0.01.

QuoteMedia (OTCMKTS:QMCI) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.53 million for the quarter, compared to analyst estimates of $5.52 million. Equities research analysts predict that QuoteMedia will post -0.01 earnings per share for the current fiscal year.

About QuoteMedia

QuoteMedia, Inc is a Canada-based provider of digital market data and financial content solutions, founded in 1999 and headquartered in Montreal, Quebec. The company specializes in aggregating real-time and historical market information from major exchanges in North America and beyond, offering a range of delivery options to suit client needs. Its cloud-based infrastructure supports high-volume streaming and on-demand access to equity, ETF, mutual fund and fixed-income data.

The firm’s core product suite includes streaming quote and charting services, RESTful and WebSocket APIs, embeddable financial widgets and customizable portfolio-management tools.