Short Interest in Metro Inc. (OTCMKTS:MTRAF) Drops By 13.8%

Metro Inc. (OTCMKTS:MTRAF) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 819,100 shares, a drop of 13.8% from the June 15th total of 950,400 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is currently 163.8 days.

Metro Stock Performance

Metro stock remained flat at $57.25 during trading on Monday. 4,233 shares of the company were exchanged, compared to its average volume of 17,993. The business’s 50-day simple moving average is $54.70 and its 200-day simple moving average is $53.27. Metro has a 12-month low of $49.26 and a 12-month high of $57.42.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.