Metcash Limited (OTCMKTS:MCSHF) Short Interest Update

Metcash Limited (OTCMKTS:MCSHF) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 262,687 shares, a decline of 55.1% from the June 15th total of 584,937 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Metcash to a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Metcash Stock Up 4.5%

Shares of OTCMKTS:MCSHF traded up $0.06 on Thursday, reaching $1.48. The stock’s 50 day moving average price is $1.48 and its 200 day moving average price is $1.97. Metcash has a twelve month low of $1.48 and a twelve month high of $2.32.

About Metcash

Metcash Limited operates as a wholesale distribution and marketing company in Australia. It operates through Food, Liquor, and Hardware segments. The Food segment distributes a range of products and services to independent supermarket and convenience retail outlets. The Hardware segment distributes hardware products to independent retail outlets; and operates company owned retail stores. The Liquor segment engages in the distribution of liquor products to independent retail outlets and hotels. It sells its products under the IGA, Foodland, Mitre 10, Home Hardware, Total Tools, Cellarbrations, IGA Liquor, and the Bottle-O brand names.