OTC Markets Group Inc. (OTCMKTS:OTCM – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 600 shares, an increase of 50.0% from the May 31st total of 400 shares. Based on an average daily trading volume, of 9,600 shares, the short-interest ratio is presently 0.1 days.

OTC Markets Group Stock Performance

Shares of OTCM traded up $0.23 during midday trading on Monday, hitting $49.14. 949 shares of the company traded hands, compared to its average volume of 4,660. OTC Markets Group has a 52 week low of $48.55 and a 52 week high of $64.99. The firm has a 50 day moving average of $50.97 and a 200-day moving average of $54.54. The stock has a market cap of $588.15 million, a price-to-earnings ratio of 21.84, a PEG ratio of 2.11 and a beta of 0.55.

OTC Markets Group (OTCMKTS:OTCM – Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). OTC Markets Group had a net margin of 24.95% and a return on equity of 73.70%. The firm had revenue of $27.66 million for the quarter, compared to the consensus estimate of $28.38 million. Sell-side analysts predict that OTC Markets Group will post 2.58 earnings per share for the current fiscal year.

OTC Markets Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, June 6th. OTC Markets Group’s dividend payout ratio is presently 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.

Further Reading

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