Malayan Banking Berhad (OTCMKTS:MLYBY) Sees Significant Growth in Short Interest

Malayan Banking Berhad (OTCMKTS:MLYBY) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,492 shares, a growth of 2,392.0% from the November 30th total of 100 shares. Based on an average daily trading volume, of 1,457 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 1,457 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Upgrades and Downgrades

Separately, Macquarie raised shares of Malayan Banking Berhad to a “strong-buy” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Malayan Banking Berhad Stock Performance

OTCMKTS MLYBY remained flat at $5.66 on Thursday. Malayan Banking Berhad has a 52 week low of $4.08 and a 52 week high of $6.13. The stock’s fifty day moving average price is $4.67 and its 200-day moving average price is $4.57.

Malayan Banking Berhad Company Profile

Malayan Banking Berhad, commonly known as Maybank, is a Malaysian universal bank established in 1960. Headquartered in Kuala Lumpur, the bank offers a full range of financial services to both retail and corporate clients. Its core business activities encompass consumer and commercial banking, treasury and markets, investment banking, and Islamic banking solutions under its Maybank Islamic arm. Maybank’s product suite also extends to asset management, insurance, and digital financial services designed to serve individual and business customers.

Throughout its history, Maybank has expanded through organic growth and strategic acquisitions to become one of Southeast Asia’s leading financial institutions.