Short Interest in Metro Bank PLC (OTCMKTS:MBNKF) Declines By 59.5%

Metro Bank PLC (OTCMKTS:MBNKF – Get Rating) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 3,000 shares, a drop of 59.5% from the April 30th total of 7,400 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is presently 2.5 days.

Metro Bank Price Performance

Shares of Metro Bank stock remained flat at $1.33 during trading hours on Friday. The stock’s 50-day moving average price is $1.30 and its 200-day moving average price is $1.42. Metro Bank has a 12-month low of $0.76 and a 12-month high of $1.91.

Metro Bank Company Profile

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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.