Metro Bank PLC (OTCMKTS:MBNKF) was the target of a large decrease in short interest in 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 Metro Bank stock traded up $0.09 during midday trading on Wednesday, reaching $1.40. The company had a trading volume of 760 shares, compared to its average volume of 18,003. The firm has a market cap of $123.93 million, a PE ratio of -0.72 and a beta of 2.15. The stock has a fifty day moving average price of $1.39 and a 200 day moving average price of $1.52. 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 fifty-two week low of $0.72 and a fifty-two week high of $2.13.
Separately, Zacks Investment Research cut Metro Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, September 7th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, Metro Bank currently has an average rating of “Hold” and an average target price of $1.75.
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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