Short Interest in Malayan Banking Berhad (OTCMKTS:MLYBY) Grows By 2,392.0%

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

Analyst Ratings Changes

Separately, Macquarie upgraded 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, Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Malayan Banking Berhad Stock Up 8.8%

Shares of MLYBY traded up $0.46 during trading hours on Wednesday, reaching $5.66. 525 shares of the stock traded hands, compared to its average volume of 2,088. The company’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $4.57. Malayan Banking Berhad has a 52-week low of $4.08 and a 52-week high of $6.13.

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.