Metro Inc. (OTCMKTS:MTRAF) Sees Significant Drop in Short Interest

Metro Inc. (OTCMKTS:MTRAF) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 674,900 shares, a drop of 35.2% from the November 30th total of 1,042,100 shares. Based on an average daily trading volume, of 17,500 shares, the days-to-cover ratio is presently 38.6 days.

Metro Stock Performance

Shares of Metro stock traded up $0.04 on Monday, reaching $63.18. 642 shares of the stock were exchanged, compared to its average volume of 15,535. The firm’s 50 day moving average is $62.77 and its 200-day moving average is $60.82. Metro has a one year low of $50.54 and a one year high of $67.07.

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.