Short Interest in Metro Inc. (OTCMKTS:MTRAF) Declines By 39.1%

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

Metro Stock Performance

Shares of OTCMKTS MTRAF opened at $63.99 on Wednesday. The firm’s fifty day moving average is $65.54 and its two-hundred day moving average is $68.49. Metro has a 52-week low of $60.71 and a 52-week high of $83.02. The company has a market cap of $13.43 billion and a P/E ratio of 26.01. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 1.43.

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

Wall Street Analysts Forecast Growth

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

About Metro

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.