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

Marchex, Inc. (NASDAQ:MCHX) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 28,578 shares, a drop of 35.6% from the August 15th total of 44,393 shares. Based on an average daily volume of 18,895 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Marchex in a research note on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Marchex currently has a consensus rating of “Reduce”.

Marchex Price Performance

Shares of MCHX stock traded down $0.08 on Friday, hitting $1.28. 61,583 shares of the stock traded hands, compared to its average volume of 21,086. Marchex has a 52 week low of $1.15 and a 52 week high of $2.04. The firm has a 50 day simple moving average of $1.72 and a two-hundred day simple moving average of $1.63. The firm has a market cap of $56.84 million, a price-to-earnings ratio of -10.71 and a beta of 1.86.

Marchex (NASDAQ:MCHX) last issued its earnings results on Wednesday, August 12th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). Marchex had a negative net margin of 12.44% and a negative return on equity of 18.25%. The business had revenue of $11.00 million for the quarter, compared to the consensus estimate of $11.20 million.

Institutional Trading of Marchex

An institutional investor recently bought a new position in Marchex stock. Acuitas Investments LLC acquired a new stake in shares of Marchex, Inc. (NASDAQ:MCHX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 133,702 shares of the technology company’s stock, valued at approximately $207,000. Marchex makes up 14.7% of Acuitas Investments LLC’s investment portfolio, making the stock its 3rd largest holding. Acuitas Investments LLC owned approximately 0.30% of Marchex at the end of the most recent reporting period. Institutional investors own 73.46% of the company’s stock.

Marchex Company Profile

Marchex, Inc (NASDAQ: MCHX) is a conversation intelligence and analytics company that helps businesses understand and improve customer interactions. Its technology analyzes phone calls, text messages and other customer conversations to provide insights into marketing performance, lead quality, sales opportunities and service experiences.

The company offers solutions designed to help organizations acquire, engage and retain customers. Its products support call tracking, lead management, conversation analytics and artificial intelligence-powered analysis, enabling businesses to identify buying signals, evaluate customer interactions and improve operational and marketing decisions.

Marchex has historically focused on performance marketing and call-based analytics, evolving from its earlier digital marketing activities toward software and data solutions for businesses that rely on customer conversations.