Metro Bank PLC (OTCMKTS:MBNKF) Sees Significant Decline in Short Interest

Metro Bank PLC (OTCMKTS:MBNKFGet Rating) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 304,500 shares, a decrease of 14.5% from the August 15th total of 356,000 shares. Based on an average daily volume of 163,200 shares, the days-to-cover ratio is presently 1.9 days.

Metro Bank Price Performance

MBNKF opened at $1.07 on Monday. The firm’s fifty day moving average is $1.01 and its two-hundred day moving average is $1.03. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. Metro Bank has a twelve month low of $0.85 and a twelve month high of $1.88.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MBNKF. ING Group raised shares of Metro Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 24th. Investec cut shares of Metro Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th.

Metro Bank Company Profile

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Metro Bank PLC, together with its subsidiaries, provides retail and commercial banking services in the United Kingdom. The company offers personal banking products and services, including current, cash, and savings accounts; residential mortgages; credit cards and personal loans; pet insurance; and safe deposit box services.

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