OTC Markets Group Inc. (OTCMKTS:OTCM) Short Interest Down 25.0% in September

OTC Markets Group Inc. (OTCMKTS:OTCM) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totalling 600 shares, a decrease of 25.0% from the August 31st total of 800 shares. Based on an average trading volume of 8,100 shares, the short-interest ratio is presently 0.1 days.

OTC Markets Group Trading Up 0.4 %

Shares of OTCM traded up $0.20 during mid-day trading on Friday, hitting $47.20. The company’s stock had a trading volume of 2,855 shares, compared to its average volume of 3,811. The company’s 50-day moving average is $47.88 and its 200-day moving average is $50.27. OTC Markets Group has a 52-week low of $45.00 and a 52-week high of $62.00. The firm has a market capitalization of $565.03 million, a price-to-earnings ratio of 20.98, a PEG ratio of 2.20 and a beta of 0.54.

OTC Markets Group (OTCMKTS:OTCM) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.10). OTC Markets Group had a return on equity of 71.64% and a net margin of 24.67%. The business had revenue of $27.56 million during the quarter, compared to analysts’ expectations of $28.06 million. As a group, sell-side analysts predict that OTC Markets Group will post 2.36 earnings per share for the current fiscal year.

OTC Markets Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $0.18 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.53%. OTC Markets Group’s dividend payout ratio is currently 32.00%.

About OTC Markets Group

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.