Short Interest in OTC Markets Group Inc. (OTCMKTS:OTCM) Rises By 116.7%

OTC Markets Group Inc. (OTCMKTS:OTCM) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 1,300 shares, an increase of 116.7% from the June 15th total of 600 shares. Based on an average trading volume of 11,300 shares, the days-to-cover ratio is currently 0.1 days.

OTC Markets Group Price Performance

Shares of OTCMKTS OTCM opened at $48.50 on Friday. OTC Markets Group has a 1 year low of $48.25 and a 1 year high of $64.99. The firm has a 50-day simple moving average of $50.39 and a two-hundred day simple moving average of $54.08. The company has a market cap of $580.55 million, a P/E ratio of 21.56, a PEG ratio of 2.10 and a beta of 0.54.

OTC Markets Group (OTCMKTS:OTCM) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.08). OTC Markets Group had a return on equity of 73.70% and a net margin of 24.95%. The business had revenue of $27.66 million during the quarter, compared to analysts’ expectations of $28.38 million. As a group, equities research analysts expect that OTC Markets Group will post 2.58 EPS for the current year.

OTC Markets Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.72 annualized dividend and a yield of 1.48%. OTC Markets Group’s dividend payout ratio (DPR) is 32.00%.

OTC Markets Group Company Profile

OTC Markets Group Inc operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market. The company's OTC Link Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.