QuoteMedia Inc. (OTCMKTS:QMCI) Sees Significant Growth in Short Interest

QuoteMedia Inc. (OTCMKTS:QMCI) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 5,000 shares, a growth of ∞ from the April 15th total of 0 shares. Based on an average trading volume of 31,889 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of QuoteMedia to a “hold” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

QuoteMedia Price Performance

Shares of OTCMKTS QMCI remained flat at $0.16 during midday trading on Monday. 55,500 shares of the stock were exchanged, compared to its average volume of 21,160. The stock has a market capitalization of $14.48 million, a P/E ratio of -5.33 and a beta of 0.03. QuoteMedia has a 1-year low of $0.13 and a 1-year high of $0.18. The stock’s 50-day simple moving average is $0.15 and its 200 day simple moving average is $0.15.

QuoteMedia (OTCMKTS:QMCI) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $5.53 million for the quarter, compared to analyst estimates of $5.52 million.

QuoteMedia Company Profile

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.