QuoteMedia Inc. (OTCMKTS:QMCI) Sees Significant Decline in Short Interest

by · The Markets Daily

QuoteMedia Inc. (OTCMKTS:QMCI – Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,439 shares, a decline of 51.2% from the April 30th total of 5,000 shares. Based on an average daily trading volume, of 59,158 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research raised shares of QuoteMedia to a “hold” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, QuoteMedia has an average rating of “Hold”.

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QuoteMedia Stock Performance

QMCI remained flat at $0.15 on Monday. QuoteMedia has a twelve month low of $0.13 and a twelve month high of $0.18. The firm has a market capitalization of $13.66 million, a PE ratio of -5.03 and a beta of 0.01. The company has a 50 day simple moving average of $0.16 and a 200 day simple moving average of $0.15.

QuoteMedia (OTCMKTS:QMCI – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $5.53 million for the quarter, compared to analyst estimates of $5.52 million. Sell-side analysts expect that QuoteMedia will post -0.01 earnings per share for the current fiscal year.

About QuoteMedia

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QuoteMedia, Inc is a Canada-based provider of digital market data and financial content solutions, founded in 1999 and headquartered in Montreal, Quebec. The company specializes in aggregating real-time and historical market information from major exchanges in North America and beyond, offering a range of delivery options to suit client needs. Its cloud-based infrastructure supports high-volume streaming and on-demand access to equity, ETF, mutual fund and fixed-income data.

The firm’s core product suite includes streaming quote and charting services, RESTful and WebSocket APIs, embeddable financial widgets and customizable portfolio-management tools.

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