Marchex, Inc. (NASDAQ:MCHX) Stock Short Interest Rises 132.0%

Marchex, Inc. (NASDAQ:MCHX) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 66,288 shares, an increase of 132.0% from the August 31st total of 28,578 shares. Based on an average trading volume of 36,315 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. Kanen Wealth Management LLC raised its position in shares of Marchex, Inc. (NASDAQ:MCHX) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,300,388 shares of the technology company’s stock after acquiring an additional 50,989 shares during the quarter. Marchex makes up about 0.7% of Kanen Wealth Management LLC’s holdings, making the stock its 22nd largest holding. Kanen Wealth Management LLC owned 2.96% of Marchex worth $2,016,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Marchex in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Marchex Stock Performance

Shares of NASDAQ:MCHX remained flat at $1.31 during midday trading on Friday. The stock had a trading volume of 15,626 shares, compared to its average volume of 60,088. The company has a 50-day simple moving average of $1.67 and a two-hundred day simple moving average of $1.62. Marchex has a 52-week low of $1.15 and a 52-week high of $2.04. The stock has a market cap of $58.08 million, a P/E ratio of -10.92 and a beta of 1.86.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Wednesday, August 12th. The technology company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The company had revenue of $11.00 million for the quarter, compared to analyst estimates of $11.20 million. Marchex had a negative return on equity of 18.25% and a negative net margin of 12.44%.

Marchex Company Profile

Marchex, Inc (NASDAQ: MCHX) is a conversation intelligence and analytics company that helps businesses understand and improve customer interactions. Its technology analyzes phone calls, text messages and other customer conversations to provide insights into marketing performance, lead quality, sales opportunities and service experiences.

The company offers solutions designed to help organizations acquire, engage and retain customers. Its products support call tracking, lead management, conversation analytics and artificial intelligence-powered analysis, enabling businesses to identify buying signals, evaluate customer interactions and improve operational and marketing decisions.

Marchex has historically focused on performance marketing and call-based analytics, evolving from its earlier digital marketing activities toward software and data solutions for businesses that rely on customer conversations.