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

Marchex, Inc. (NASDAQ:MCHXGet Free Report) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 103,600 shares, a drop of 18.3% from the February 29th total of 126,800 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 66,500 shares, the days-to-cover ratio is presently 1.6 days.

Marchex Stock Down 1.4 %

NASDAQ:MCHX opened at $1.37 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.44 and a current ratio of 2.44. Marchex has a fifty-two week low of $1.11 and a fifty-two week high of $2.20. The firm has a 50-day simple moving average of $1.35 and a two-hundred day simple moving average of $1.38.

Institutional Trading of Marchex

Large investors have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new stake in shares of Marchex in the first quarter worth approximately $25,000. Northern Trust Corp boosted its holdings in shares of Marchex by 10.6% in the second quarter. Northern Trust Corp now owns 81,757 shares of the technology company’s stock worth $173,000 after buying an additional 7,830 shares during the last quarter. State Street Corp boosted its holdings in shares of Marchex by 7.8% in the first quarter. State Street Corp now owns 136,696 shares of the technology company’s stock worth $313,000 after buying an additional 9,881 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Marchex by 8.7% in the third quarter. Dimensional Fund Advisors LP now owns 202,219 shares of the technology company’s stock worth $339,000 after buying an additional 16,111 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Marchex by 11.4% in the second quarter. Geode Capital Management LLC now owns 302,440 shares of the technology company’s stock worth $641,000 after buying an additional 30,972 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Marchex in a research note on Sunday. They set a “hold” rating for the company.

Read Our Latest Report on Marchex

About Marchex

(Get Free Report)

Marchex, Inc operates as an analytics and solutions company that helps businesses connect, drive, measure, and convert callers into customers in the United States and Canada. Its products include Marchex Call Analytics, an analytics platform for enterprises, which depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Call Analytics, Conversation Edition that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, a solution for intelligent messaging, which enables sales, marketing, and operations teams in businesses to engage in two-way communications with field staff, prospects, and customers through text/SMS messages; Call Monitoring for call recording; and Marchex Marketing Edge, an analytics solution for marketers in enterprise, mid-sized and small businesses that depend on inbound phone calls to drive sales, appointments and reservations.

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