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

Marchex, Inc. (NASDAQ:MCHX) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 17,200 shares, a decline of 40.3% from the January 31st total of 28,800 shares. Based on an average daily volume of 61,300 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

Institutional Trading of Marchex

A number of institutional investors have recently made changes to their positions in MCHX. AMH Equity Ltd acquired a new stake in shares of Marchex in the 4th quarter worth approximately $438,000. LPL Financial LLC acquired a new stake in Marchex during the fourth quarter valued at approximately $55,000. Geode Capital Management LLC lifted its stake in Marchex by 9.1% during the third quarter. Geode Capital Management LLC now owns 347,386 shares of the technology company’s stock valued at $650,000 after purchasing an additional 29,042 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Marchex by 55.5% during the fourth quarter. Millennium Management LLC now owns 21,287 shares of the technology company’s stock valued at $37,000 after purchasing an additional 7,598 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Marchex Stock Performance

Shares of NASDAQ:MCHX traded down $0.03 during trading on Tuesday, reaching $1.95. The company had a trading volume of 12,906 shares, compared to its average volume of 46,700. The firm’s fifty day moving average is $1.96 and its 200 day moving average is $1.89. The firm has a market capitalization of $85.18 million, a PE ratio of -21.66 and a beta of 1.92. Marchex has a twelve month low of $1.11 and a twelve month high of $2.40.

About Marchex

Marchex, Inc, a conversation intelligence company, provides conversational analytics and related solutions in the United States, Canada, and internationally. Its products include Marketing Edge that identifies which campaigns and channels are driving inbound conversations, evaluates what happens during those conversations, and closes the sales loop by connecting converted sales to marketing driven leads; Sonar Business Text Messaging, an artificial intelligence (AI) empowered intelligent workflow enabled mobile messaging solution that enables operations, sales, and marketing teams to communicate personally with field staff, prospects, and customers; Marchex Platform Services, a robust API-based conversation intelligence product that allows executives, sales, customer engagement, and marketing teams to apply Marchex AI to most any calls, regardless of communication platform, in order to identify actionable insights from conversations with their customers; Spotlight, an AI conversation analytics product for multi-location businesses; and Engage, a solution that provides locations with applications to enhance their overall performance.