QuoteMedia, Inc. (OTCMKTS:QMCI) Short Interest Update

QuoteMedia, Inc. (OTCMKTS:QMCI) was the target of a significant decrease in short interest during the month of May. As of May 28th, there was short interest totalling 3,000 shares, a decrease of 88.6% from the May 13th total of 26,300 shares. Based on an average daily volume of 38,800 shares, the short-interest ratio is presently 0.1 days.

OTCMKTS QMCI remained flat at $$0.18 during trading on Friday. 230 shares of the company’s stock were exchanged, compared to its average volume of 136,477. The stock has a market cap of $16.51 million, a P/E ratio of -18.25 and a beta of 1.46. QuoteMedia has a 1 year low of $0.05 and a 1 year high of $0.40. The company has a fifty day moving average price of $0.19.

A number of analysts have commented on the stock. Noble Financial reaffirmed a “buy” rating and set a $0.25 price objective on shares of QuoteMedia in a research note on Monday, February 22nd. Zacks Investment Research raised shares of QuoteMedia from a “sell” rating to a “hold” rating in a research report on Thursday, June 3rd.

QuoteMedia Company Profile

Quotemedia, Inc provides financial data, news feeds, market research information, and financial software solutions to online brokerages, clearing firms, banks, financial service companies, media portals, and public corporations worldwide. It collects, aggregates, and delivers delayed and real-time financial data content through the Internet.

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