Metropolitan Bank & Trust (OTCMKTS:MTPOF) Sees Large Increase in Short Interest

Metropolitan Bank & Trust (OTCMKTS:MTPOF) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 42,785 shares, an increase of 57.7% from the January 15th total of 27,125 shares. Based on an average daily volume of 6,929 shares, the days-to-cover ratio is presently 6.2 days. Based on an average daily volume of 6,929 shares, the days-to-cover ratio is presently 6.2 days.

Metropolitan Bank & Trust Price Performance

Shares of Metropolitan Bank & Trust stock traded up $0.03 during mid-day trading on Monday, hitting $1.37. 6,762 shares of the stock were exchanged, compared to its average volume of 4,995. Metropolitan Bank & Trust has a 12 month low of $0.76 and a 12 month high of $1.58. The company has a 50-day simple moving average of $1.22 and a 200 day simple moving average of $1.22.

Metropolitan Bank & Trust Company Profile

Metropolitan Bank & Trust Company, commonly known as Metrobank, is a leading universal bank in the Philippines offering a full range of financial products and services to individual, corporate and institutional clients. The bank’s core activities include deposit-taking, consumer and commercial lending, cash management, trade finance, treasury and foreign exchange services. Through its digital banking platforms and extensive branch network, Metrobank provides retail banking, wealth management, payment solutions, remittance services and electronic banking to meet the evolving needs of its diverse client base.

Founded in 1962 by Dr.