Metro Bank PLC (OTCMKTS:MBNKF) Short Interest Update

Metro Bank PLC (OTCMKTS:MBNKF) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 3,800 shares, a decrease of 84.0% from the August 15th total of 23,800 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is presently 0.9 days.

Shares of OTCMKTS MBNKF remained flat at $$1.35 during midday trading on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.74 and a quick ratio of 0.74. Metro Bank has a 1 year low of $0.72 and a 1 year high of $2.13. The stock has a market cap of $119.51 million, a price-to-earnings ratio of -0.69 and a beta of 2.15. The firm has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $1.52.

Separately, Zacks Investment Research cut Metro Bank from a “buy” rating to a “hold” rating in a report on Tuesday, September 7th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1.75.

About Metro Bank

Metro Bank PLC engages in the provision of retail and commercial banking services. Its products include current accounts, mortgages services, savings accounts, deposit accounts, commercial banking, borrowing, and merchant services. The company was founded by Vernon W. Hill II and Anthony William Thomson in July 2010 and is headquartered in London, the United Kingdom.

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