Metro Bank PLC (OTCMKTS:MBNKF) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 3,800 shares, a decline of 84.0% from the August 15th total of 23,800 shares. Based on an average trading volume of 4,200 shares, the short-interest ratio is presently 0.9 days.
Shares of OTCMKTS MBNKF remained flat at $$1.35 on Thursday. Metro Bank has a 1 year low of $0.72 and a 1 year high of $2.13. The stock has a 50-day moving average price of $1.38 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. The firm has a market capitalization of $119.51 million, a PE ratio of -0.69 and a beta of 2.15.
Separately, Zacks Investment Research downgraded Metro Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, September 7th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus 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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