Metcash Limited (OTCMKTS:MCSHF) Sees Significant Increase in Short Interest

Metcash Limited (OTCMKTS:MCSHF) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 50,102 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Metcash Stock Performance

Shares of MCSHF stock remained flat at $1.79 on Wednesday. Metcash has a fifty-two week low of $1.48 and a fifty-two week high of $2.32. The business has a 50-day simple moving average of $1.79 and a 200-day simple moving average of $1.77.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded Metcash to a “neutral” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold”.

Metcash Company Profile

Metcash Limited is an Australian wholesale distribution and retail services company serving independent businesses across the food, liquor and hardware sectors. Rather than operating primarily as a conventional consumer retailer, the company supplies products and provides support services to independently owned stores and retail networks.

Through its food division, Metcash distributes groceries, fresh food and related products to retailers operating under banners such as IGA and Foodland.