Malayan Banking Berhad (OTCMKTS:MLYBY) Sees Large Increase in Short Interest

Malayan Banking Berhad (OTCMKTS:MLYBY) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 1,050 shares, an increase of 950.0% from the October 15th total of 100 shares. Based on an average daily volume of 10,306 shares, the days-to-cover ratio is presently 0.1 days.

Malayan Banking Berhad Stock Performance

MLYBY traded up $0.15 during trading on Tuesday, reaching $5.42. 2,358 shares of the company were exchanged, compared to its average volume of 2,869. The company’s 50-day moving average is $5.25 and its two-hundred day moving average is $5.76. Malayan Banking Berhad has a 12-month low of $4.27 and a 12-month high of $8.10.

Malayan Banking Berhad Company Profile

Malayan Banking Berhad, commonly known as Maybank, is a Malaysia-based banking group that provides financial services to individuals, businesses, corporations, and institutional clients. Its offerings include personal and commercial banking, consumer lending, deposits, credit cards, payments, trade finance, treasury services, and corporate financing. The group also operates businesses in investment banking, Islamic banking, wealth management, asset management, insurance, and takaful. Through its banking and financial-services subsidiaries, Maybank serves retail customers, small and medium-sized enterprises, large corporations, governments, and investors.