Malayan Banking Berhad (OTCMKTS:MLYBY) Short Interest Update

Malayan Banking Berhad (OTCMKTS:MLYBY) was the recipient of a large increase in short interest during 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.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised Malayan Banking Berhad to a “strong-buy” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Malayan Banking Berhad Trading Up 8.8%

Shares of Malayan Banking Berhad stock 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. Malayan Banking Berhad has a one year low of $4.08 and a one year high of $6.13. The company has a 50 day moving average price of $4.65 and a 200 day moving average price of $4.57.

About Malayan Banking Berhad

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.