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

OTC Markets Group Inc. (OTCMKTS:OTCM) was the recipient of a large increase in short interest during the month of 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 daily trading volume, of 9,500 shares, the days-to-cover ratio is currently 0.7 days.

OTC Markets Group Trading Down 0.6 %

OTCM traded down $0.33 during trading hours on Tuesday, hitting $51.00. The company’s stock had a trading volume of 4,021 shares, compared to its average volume of 5,399. OTC Markets Group has a fifty-two week low of $45.00 and a fifty-two week high of $62.00. The company has a 50-day simple moving average of $48.98 and a 200 day simple moving average of $49.41. The firm has a market capitalization of $610.67 million, a PE ratio of 22.92, a PEG 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 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $27.39 million for the quarter, compared to the consensus estimate of $27.07 million. OTC Markets Group had a return on equity of 75.89% and a net margin of 24.63%. Research analysts expect that OTC Markets Group will post 2.4 earnings per share for the current fiscal year.

OTC Markets Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $1.50 dividend. 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 32.14%.

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.