Metcash Limited (OTCMKTS:MCSHF) Short Interest Update

Metcash Limited (OTCMKTS:MCSHF) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 5,626 shares, a drop of 97.9% from the June 30th total of 262,687 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Analysts Set New Price Targets

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

Metcash Stock Performance

OTCMKTS MCSHF remained flat at $1.79 on Friday. Metcash has a one year low of $1.48 and a one year high of $2.32. The business’s fifty day moving average price is $1.52 and its 200 day moving average price is $1.95.

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.