Metcash Limited (OTCMKTS:MCSHF) Stock Short Interest Rises 834.1%

Metcash Limited (OTCMKTS:MCSHF) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 663,094 shares, a growth of 834.1% from the October 15th total of 70,984 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Metcash to a “neutral” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Hold rating. According to MarketBeat, Metcash has a consensus rating of “Hold”.

Metcash Price Performance

Shares of MCSHF remained flat at $1.79 during mid-day trading on Thursday. The business has a 50-day moving average of $1.79 and a 200 day moving average of $1.87. Metcash has a 12 month low of $1.48 and a 12 month high of $2.32.

Metcash Company Profile

Metcash is an Australian wholesale distribution and marketing company that supplies independent businesses across the food, liquor and hardware sectors. Its services include product sourcing, logistics, merchandising and business support for retailers. In food, Metcash supplies independent supermarkets, including stores operating under banners such as IGA and Foodland. Its liquor business distributes products to independent retailers and supports networks including Cellarbrations and The Bottle-O.