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

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

Metcash Price Performance

Shares of OTCMKTS MCSHF opened at $1.79 on Friday. Metcash has a twelve month low of $1.48 and a twelve month high of $2.32. The firm has a fifty day simple moving average of $1.52 and a 200 day simple moving average of $1.95.

Analyst Upgrades and Downgrades

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

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.