Metro Inc. (OTCMKTS:MTRAF) Short Interest Down 39.1% in June

Metro Inc. (OTCMKTS:MTRAF) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,141,465 shares, a decline of 39.1% from the May 31st total of 1,875,380 shares. Based on an average daily volume of 20,322 shares, the days-to-cover ratio is currently 56.2 days. Currently, 0.5% of the company’s shares are short sold.

Metro Price Performance

Shares of Metro stock remained flat at $76.02 during trading on Thursday. 457 shares of the stock were exchanged, compared to its average volume of 22,413. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average is $65.72 and its two-hundred day moving average is $68.52. The firm has a market cap of $15.95 billion and a price-to-earnings ratio of 30.90. Metro has a one year low of $60.71 and a one year high of $83.02.

Metro (OTCMKTS:MTRAF) last posted its earnings results on Wednesday, April 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.84). The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $7.10 billion. Metro had a return on equity of 15.02% and a net margin of 4.52%.

Analyst Ratings Changes

Separately, BMO Capital Markets restated an “outperform” rating on shares of Metro in a report on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Metro Company Profile

Metro AG, trading in the United States as an American Depositary Receipt under the symbol MTRAF, is a leading international wholesale company focused on supplying the foodservice and hospitality sectors. Through its METRO Cash & Carry division, the company operates self-service wholesale outlets that offer a broad assortment of food products, fresh perishables, non-food items and hotel and restaurant equipment. Metro’s business model caters exclusively to professional customers—hotels, restaurants, caterers and independent retailers—enabling them to purchase in bulk at competitive prices.

Founded in 1964 and headquartered in Düsseldorf, Germany, Metro has grown its footprint across Europe and Asia, serving customers in more than 30 countries.