Marchex, Inc. (NASDAQ:MCHX) Short Interest Up 162.1% in June

Marchex, Inc. (NASDAQ:MCHX) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 46,647 shares, an increase of 162.1% from the June 15th total of 17,798 shares. Based on an average daily trading volume, of 28,363 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Marchex Trading Up 1.2%

Shares of NASDAQ:MCHX traded up $0.02 on Wednesday, hitting $1.72. The company had a trading volume of 5,501 shares, compared to its average volume of 18,707. The company has a market cap of $76.20 million, a PE ratio of -15.64 and a beta of 1.89. Marchex has a 52-week low of $1.32 and a 52-week high of $2.14. The business has a 50 day moving average of $1.61 and a 200 day moving average of $1.60.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Wednesday, May 13th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The company had revenue of $10.62 million for the quarter, compared to analysts’ expectations of $10.89 million. Marchex had a negative return on equity of 14.61% and a negative net margin of 11.15%. As a group, equities analysts predict that Marchex will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Marchex

A number of institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in Marchex during the fourth quarter worth approximately $26,000. Jane Street Group LLC acquired a new position in Marchex in the 1st quarter valued at $30,000. Manatuck Hill Partners LLC acquired a new position in Marchex in the 2nd quarter valued at $88,000. Acuitas Investments LLC purchased a new position in shares of Marchex during the 1st quarter worth $207,000. Finally, Kanen Wealth Management LLC purchased a new position in shares of Marchex during the 1st quarter worth $813,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.