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

Metcash Limited (OTCMKTS:MCSHF) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 50,102 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Metcash Price Performance

Metcash stock remained flat at $1.79 during trading hours on Wednesday. Metcash has a 1 year low of $1.48 and a 1 year high of $2.32. The firm has a fifty day moving average of $1.79 and a 200-day moving average of $1.77.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Metcash to a “neutral” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Metcash

Metcash Limited is an Australian wholesale distribution and retail services company serving independent businesses across the food, liquor and hardware sectors. Rather than operating primarily as a conventional consumer retailer, the company supplies products and provides support services to independently owned stores and retail networks.

Through its food division, Metcash distributes groceries, fresh food and related products to retailers operating under banners such as IGA and Foodland.