Short Interest in Metro Inc. (OTCMKTS:MTRAF) Decreases By 29.0%

Metro Inc. (OTCMKTS:MTRAF) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 790,400 shares, a decline of 29.0% from the September 30th total of 1,112,700 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 2,634.7 days. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 2,634.7 days.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. National Bankshares reiterated a “sector perform” rating on shares of Metro in a report on Tuesday, August 5th. BMO Capital Markets restated an “outperform” rating on shares of Metro in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Metro currently has a consensus rating of “Moderate Buy”.

Metro Price Performance

MTRAF remained flat at $66.54 during trading on Monday. The company had a trading volume of 153 shares, compared to its average volume of 22,015. The business’s 50 day moving average price is $68.39 and its 200 day moving average price is $73.44. Metro has a 52-week low of $59.48 and a 52-week high of $78.73.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.