Short Interest in Metcash Limited (OTCMKTS:MCSHF) Declines By 97.9%

Metcash Limited (OTCMKTS:MCSHF) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 5,626 shares, a drop of 97.9% from the June 30th total of 262,687 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ? days.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded 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 currently has a consensus rating of “Hold”.

Metcash Stock Performance

Shares of MCSHF remained flat at $1.79 during mid-day trading on Friday. The firm’s 50-day simple moving average is $1.52 and its two-hundred day simple moving average is $1.95. Metcash has a twelve month low of $1.48 and a twelve month high of $2.32.

About Metcash

Metcash Limited operates as a wholesale distribution and marketing company in Australia. It operates through Food, Liquor, and Hardware segments. The Food segment distributes a range of products and services to independent supermarket and convenience retail outlets. The Hardware segment distributes hardware products to independent retail outlets; and operates company owned retail stores. The Liquor segment engages in the distribution of liquor products to independent retail outlets and hotels. It sells its products under the IGA, Foodland, Mitre 10, Home Hardware, Total Tools, Cellarbrations, IGA Liquor, and the Bottle-O brand names.