Short Interest in OTC Markets Group Inc. (OTCMKTS:OTCM) Drops By 63.9%

OTC Markets Group Inc. (OTCMKTS:OTCM) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 1,300 shares, a drop of 63.9% from the November 30th total of 3,600 shares. Based on an average daily trading volume, of 14,500 shares, the short-interest ratio is currently 0.1 days.

OTC Markets Group Stock Performance

Shares of OTC Markets Group stock traded down $0.69 during mid-day trading on Friday, hitting $51.54. 1,240 shares of the stock were exchanged, compared to its average volume of 5,384. The company has a market capitalization of $617.35 million, a P/E ratio of 23.01, a P/E/G ratio of 2.48 and a beta of 0.54. The company has a 50-day simple moving average of $52.15 and a 200 day simple moving average of $49.67. OTC Markets Group has a 12 month low of $45.00 and a 12 month high of $60.16.

OTC Markets Group (OTCMKTS:OTCM) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $27.39 million for the quarter, compared to analyst estimates of $27.07 million. OTC Markets Group had a return on equity of 70.24% and a net margin of 24.63%. Analysts predict that OTC Markets Group will post 2.4 EPS for the current year.

OTC Markets Group Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, December 5th. Investors of record on Friday, November 22nd were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 11.17%. OTC Markets Group’s payout ratio is currently 32.14%.

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.