Marchex, Inc. (NASDAQ:MCHX) Short Interest Update

Marchex, Inc. (NASDAQ:MCHX - Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 21,900 shares, a growth of 27.3% from the February 13th total of 17,200 shares. Based on an average daily volume of 60,600 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company's shares are short sold.

Hedge Funds Weigh In On Marchex

Several hedge funds have recently added to or reduced their stakes in the stock. Arcadia Wealth Management Inc. purchased a new stake in Marchex in the fourth quarter valued at $51,000. Millennium Management LLC lifted its stake in Marchex by 55.5% in the fourth quarter. Millennium Management LLC now owns 21,287 shares of the technology company's stock valued at $37,000 after buying an additional 7,598 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Marchex by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company's stock valued at $630,000 after acquiring an additional 12,255 shares during the period. LPL Financial LLC purchased a new position in shares of Marchex during the fourth quarter worth approximately $55,000. Finally, AMH Equity Ltd purchased a new position in shares of Marchex during the fourth quarter worth approximately $438,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Marchex in a research note on Tuesday. They set a "hold" rating for the company.

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Marchex Stock Up 5.1 %

NASDAQ MCHX traded up $0.09 on Friday, hitting $1.85. 59,525 shares of the stock were exchanged, compared to its average volume of 42,980. Marchex has a fifty-two week low of $1.20 and a fifty-two week high of $2.40. The company has a 50-day moving average price of $1.97 and a 200-day moving average price of $1.89. The company has a market cap of $80.81 million, a PE ratio of -20.55 and a beta of 1.87.

Marchex (NASDAQ:MCHX - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). Marchex had a negative net margin of 8.60% and a negative return on equity of 10.76%. The business had revenue of $11.92 million during the quarter, compared to analyst estimates of $12.01 million. As a group, equities research analysts predict that Marchex will post -0.1 EPS for the current fiscal year.

Marchex Company Profile

Marchex, Inc, a conversation intelligence company, provides conversational analytics and related solutions in the United States, Canada, and internationally. Its products include Marketing Edge that identifies which campaigns and channels are driving inbound conversations, evaluates what happens during those conversations, and closes the sales loop by connecting converted sales to marketing driven leads; Sonar Business Text Messaging, an artificial intelligence (AI) empowered intelligent workflow enabled mobile messaging solution that enables operations, sales, and marketing teams to communicate personally with field staff, prospects, and customers; Marchex Platform Services, a robust API-based conversation intelligence product that allows executives, sales, customer engagement, and marketing teams to apply Marchex AI to most any calls, regardless of communication platform, in order to identify actionable insights from conversations with their customers; Spotlight, an AI conversation analytics product for multi-location businesses; and Engage, a solution that provides locations with applications to enhance their overall performance.