Metcash Limited (OTCMKTS:MCSHF – Get Free Report) saw a significant growth in short interest in 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 presently ∞ days.
Metcash Stock Performance
Shares of MCSHF stock remained flat at $1.79 during mid-day trading on Friday. The stock has a 50-day moving average price of $1.79 and a two-hundred day moving average price of $1.76. Metcash has a 1-year low of $1.48 and a 1-year high of $2.32.
Wall Street Analyst Weigh In
Separately, Citigroup upgraded Metcash to a “neutral” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on MCSHF
Metcash Company Profile
Metcash Limited is an Australian wholesale distribution and retail support company serving independent businesses across the food, liquor and hardware sectors. The company supplies products, services and marketing support to independently owned supermarkets, liquor stores and hardware retailers, helping them compete with larger national chains.
Through its food business, Metcash supplies groceries and fresh food to independent supermarket brands and retail groups, including IGA stores.
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