Metro Inc. (OTCMKTS:MTRAF) Short Interest Down 39.1% in June

Metro Inc. (OTCMKTS:MTRAF) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,141,465 shares, a decline of 39.1% from the May 31st total of 1,875,380 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 20,322 shares, the days-to-cover ratio is currently 56.2 days.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Metro in a report on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Metro has an average rating of “Moderate Buy”.

Metro Stock Performance

Shares of MTRAF opened at $76.02 on Friday. Metro has a 1 year low of $60.71 and a 1 year high of $83.02. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $65.87 and a 200-day simple moving average of $68.56. The stock has a market cap of $15.95 billion and a PE ratio of 30.90.

Metro (OTCMKTS:MTRAF) last posted its earnings results on Wednesday, April 22nd. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.84). Metro had a return on equity of 15.02% and a net margin of 4.52%.The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $7.10 billion.

Metro Company Profile

Metro AG, trading in the United States as an American Depositary Receipt under the symbol MTRAF, is a leading international wholesale company focused on supplying the foodservice and hospitality sectors. Through its METRO Cash & Carry division, the company operates self-service wholesale outlets that offer a broad assortment of food products, fresh perishables, non-food items and hotel and restaurant equipment. Metro’s business model caters exclusively to professional customers—hotels, restaurants, caterers and independent retailers—enabling them to purchase in bulk at competitive prices.

Founded in 1964 and headquartered in Düsseldorf, Germany, Metro has grown its footprint across Europe and Asia, serving customers in more than 30 countries.