QuoteMedia Inc. (OTCMKTS:QMCI) Short Interest Update

QuoteMedia Inc. (OTCMKTS:QMCI) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 2,439 shares, a decrease of 51.2% from the April 30th total of 5,000 shares. Based on an average daily trading volume, of 59,158 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of QuoteMedia to a “hold” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

QuoteMedia Price Performance

OTCMKTS QMCI remained flat at $0.15 during trading hours on Monday. The stock has a fifty day simple moving average of $0.16 and a 200 day simple moving average of $0.15. The stock has a market capitalization of $13.66 million, a P/E ratio of -5.03 and a beta of 0.01. QuoteMedia has a fifty-two week low of $0.13 and a fifty-two week high of $0.18.

QuoteMedia (OTCMKTS:QMCI) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $5.53 million during the quarter, compared to the consensus estimate of $5.52 million. On average, research analysts expect that QuoteMedia will post -0.01 EPS for the current year.

QuoteMedia Company Profile

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.