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

Metcash Limited (OTCMKTS:MCSHF) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 262,687 shares, a decline of 55.1% from the June 15th total of 584,937 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Metcash Price Performance

Shares of MCSHF remained flat at $1.48 during trading hours on Tuesday. Metcash has a 1-year low of $1.48 and a 1-year high of $2.32. The stock’s 50-day moving average is $1.48 and its 200-day moving average is $1.98.

Metcash Company Profile

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.