OTC Markets Group Inc. (OTCMKTS:OTCM) Short Interest Down 25.0% in March

OTC Markets Group Inc. (OTCMKTS:OTCM) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 300 shares, a decline of 25.0% from the February 28th total of 400 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 9,100 shares, the days-to-cover ratio is currently 0.0 days.

OTC Markets Group Stock Performance

Shares of OTCMKTS:OTCM opened at $47.12 on Friday. The stock has a market capitalization of $566.08 million, a price-to-earnings ratio of 21.04, a PEG ratio of 2.17 and a beta of 0.54. OTC Markets Group has a 1-year low of $45.00 and a 1-year high of $55.25. The company has a 50 day moving average price of $50.32 and a 200 day moving average price of $50.67.

OTC Markets Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Monday, March 24th. OTC Markets Group’s payout ratio is 31.86%.

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.