Marchex, Inc. (NASDAQ:MCHX) Sees Large Drop in Short Interest

Marchex, Inc. (NASDAQ:MCHX) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 25,743 shares, a decrease of 35.0% from the February 12th total of 39,613 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 13,448 shares, the short-interest ratio is presently 1.9 days. Based on an average daily trading volume, of 13,448 shares, the short-interest ratio is presently 1.9 days. Currently, 0.1% of the company’s stock are sold short.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Zacks Research upgraded Marchex from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Marathon Capital Management boosted its holdings in shares of Marchex by 13.9% during the third quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock worth $110,000 after acquiring an additional 7,500 shares during the period. XTX Topco Ltd acquired a new stake in Marchex during the fourth quarter worth about $26,000. Jane Street Group LLC bought a new stake in shares of Marchex during the 1st quarter worth approximately $30,000. Manatuck Hill Partners LLC acquired a new stake in shares of Marchex during the 2nd quarter worth approximately $88,000. Finally, Kanen Wealth Management LLC increased its stake in Marchex by 10.9% in the fourth quarter. Kanen Wealth Management LLC now owns 1,249,399 shares of the technology company’s stock valued at $2,099,000 after acquiring an additional 123,011 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Marchex Trading Up 2.1%

Shares of MCHX traded up $0.03 during mid-day trading on Friday, reaching $1.43. The company’s stock had a trading volume of 1,884 shares, compared to its average volume of 11,173. Marchex has a 1-year low of $1.26 and a 1-year high of $2.31. The business has a 50-day simple moving average of $1.60 and a two-hundred day simple moving average of $1.71. The stock has a market cap of $63.18 million, a P/E ratio of -13.00 and a beta of 2.05.

About Marchex

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.