Short Interest in OTC Markets Group Inc. (OTCMKTS:OTCM) Expands By 1,140.0%

OTC Markets Group Inc. (OTCMKTS:OTCM) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 6,200 shares, an increase of 1,140.0% from the October 15th total of 500 shares. Based on an average trading volume of 9,500 shares, the short-interest ratio is currently 0.7 days.

OTC Markets Group Stock Down 0.6 %

OTC Markets Group stock traded down $0.33 during mid-day trading on Tuesday, hitting $51.00. 4,021 shares of the company were exchanged, compared to its average volume of 5,399. OTC Markets Group has a 1-year low of $45.00 and a 1-year high of $62.00. The business has a fifty day moving average of $48.98 and a 200 day moving average of $49.41. The company has a market capitalization of $610.67 million, a PE ratio of 22.92, a price-to-earnings-growth ratio of 2.45 and a beta of 0.53.

OTC Markets Group (OTCMKTS:OTCM) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. OTC Markets Group had a net margin of 24.63% and a return on equity of 75.89%. The company had revenue of $27.39 million during the quarter, compared to analyst estimates of $27.07 million. Research analysts expect that OTC Markets Group will post 2.4 earnings per share for the current year.

OTC Markets Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 11.76%. The ex-dividend date is Thursday, December 5th. OTC Markets Group’s dividend 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.