Metcash Limited (OTCMKTS:MCSHF) Sees Significant Growth in Short Interest

Metcash Limited (OTCMKTS:MCSHF) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 50,102 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Analysts Set New Price Targets

Separately, Citigroup raised Metcash to a “neutral” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Metcash has a consensus rating of “Hold”.

Metcash Stock Performance

MCSHF remained flat at $1.79 during midday trading on Thursday. The company’s fifty day moving average is $1.79 and its 200 day moving average is $1.76. Metcash has a 1 year low of $1.48 and a 1 year high of $2.32.

About Metcash

Metcash Limited is an Australian wholesale distribution and retail services company serving independent businesses across the food, liquor and hardware sectors. Rather than operating primarily as a conventional consumer retailer, the company supplies products and provides support services to independently owned stores and retail networks.

Through its food division, Metcash distributes groceries, fresh food and related products to retailers operating under banners such as IGA and Foodland.