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 during the month of 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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 28,363 shares, the short-interest ratio is currently 1.6 days.

Marchex Price Performance

NASDAQ MCHX opened at $1.70 on Tuesday. Marchex has a 12 month low of $1.32 and a 12 month high of $2.14. The company has a 50-day moving average of $1.61 and a 200-day moving average of $1.60. The company has a market cap of $75.31 million, a P/E ratio of -15.45 and a beta of 1.89.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Marchex

Several institutional investors have recently made changes to their positions in the stock. Kanen Wealth Management LLC raised its position in shares of Marchex by 4.1% in the 1st quarter. Kanen Wealth Management LLC now owns 1,300,388 shares of the technology company’s stock worth $2,016,000 after buying an additional 50,989 shares during the period. Acuitas Investments LLC purchased a new stake in Marchex during the first quarter valued at about $207,000. XTX Topco Ltd purchased a new position in Marchex in the fourth quarter valued at approximately $26,000. Manatuck Hill Partners LLC acquired a new stake in Marchex in the 2nd quarter valued at $88,000. Finally, Jane Street Group LLC purchased a new position in Marchex in the first quarter valued at about $30,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.