Metcash Limited (OTCMKTS:MCSHF) Stock Short Interest Climbs 834.1%

Metcash Limited (OTCMKTS:MCSHF) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 663,094 shares, an increase of 834.1% from the October 15th total of 70,984 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Metcash Price Performance

Shares of Metcash stock opened at $1.79 on Friday. Metcash has a 52-week low of $1.48 and a 52-week high of $2.32. The firm has a 50-day moving average of $1.79 and a 200-day moving average of $1.87.

Metcash Company Profile

Metcash is an Australian wholesale distribution and marketing company that supplies independent businesses across the food, liquor and hardware sectors. Its services include product sourcing, logistics, merchandising and business support for retailers. In food, Metcash supplies independent supermarkets, including stores operating under banners such as IGA and Foodland. Its liquor business distributes products to independent retailers and supports networks including Cellarbrations and The Bottle-O.