OTC Markets Group Inc. (OTCMKTS:OTCM) Sees Large Decline in Short Interest

OTC Markets Group Inc. (OTCMKTS:OTCM) saw a large decline in short interest in the month of 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. Based on an average daily trading volume, of 9,100 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

OTC Markets Group Trading Down 1.2 %

Shares of OTC Markets Group stock traded down $0.58 on Monday, reaching $47.12. 3,294 shares of the stock were exchanged, compared to its average volume of 4,463. The firm has a market capitalization of $566.08 million, a PE 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 business has a fifty day moving average price of $50.32 and a two-hundred day moving average price of $50.69.

OTC Markets Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.72 annualized dividend and a dividend yield of 1.53%. OTC Markets Group’s dividend payout ratio is currently 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.