Short Interest in Malayan Banking Berhad (OTCMKTS:MLYBY) Grows By 182.1%

Malayan Banking Berhad (OTCMKTS:MLYBYGet Rating) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 50,500 shares, a growth of 182.1% from the June 30th total of 17,900 shares. Based on an average daily volume of 17,400 shares, the days-to-cover ratio is presently 2.9 days.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. downgraded Malayan Banking Berhad from a “neutral” rating to an “underweight” rating in a report on Monday, May 16th.

Malayan Banking Berhad Price Performance

MLYBY stock opened at $8.35 on Friday. Malayan Banking Berhad has a twelve month low of $3.38 and a twelve month high of $9.00. The business has a 50 day simple moving average of $6.52 and a 200-day simple moving average of $5.58.

Malayan Banking Berhad Company Profile

(Get Rating)

Malayan Banking Berhad provides commercial banking and related financial products and services for individuals, small and medium enterprises, retail and corporate customers, and financial institutions primarily in Malaysia, Singapore, and Indonesia. The company operates through three segments: Group Community Financial Services, Group Global Banking, and Group Insurance and Takaful.

Further Reading

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