Medical Transcription Billing, Corp. (NASDAQ:MTBC) was the recipient of a significant growth in short interest in the month of October. As of October 13th, there was short interest totalling 830,437 shares, a growth of 41.5% from the September 29th total of 586,958 shares. Approximately 15.2% of the shares of the company are sold short. Based on an average daily trading volume, of 5,669,473 shares, the short-interest ratio is currently 0.1 days.

Medical Transcription Billing, Corp. (NASDAQ:MTBC) opened at 2.89 on Tuesday. The stock has a 50 day moving average price of $2.34 and a 200 day moving average price of $1.72. Medical Transcription Billing, Corp. has a 1-year low of $0.29 and a 1-year high of $5.44. The company’s market cap is $33.09 million.

Medical Transcription Billing, Corp. (NASDAQ:MTBC) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.15. The company had revenue of $7.79 million during the quarter. Medical Transcription Billing, Corp. had a negative return on equity of 59.52% and a negative net margin of 32.88%. Equities analysts forecast that Medical Transcription Billing, Corp. will post ($0.69) earnings per share for the current year.

Several equities research analysts have weighed in on MTBC shares. Zacks Investment Research raised Medical Transcription Billing, Corp. from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research report on Wednesday, August 16th. ValuEngine raised Medical Transcription Billing, Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd.

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Medical Transcription Billing, Corp. Company Profile

Medical Transcription Billing, Corp. is a healthcare information technology company that provides an integrated suite of Web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. The Company’s offering, PracticePro, allows healthcare practices with the core software and business services on Software-as-a-Service (SaaS) platform.

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