Short Interest in Malayan Banking Berhad (OTCMKTS:MLYBY) Rises By 444.4%

by · The Markets Daily

Malayan Banking Berhad (OTCMKTS:MLYBY – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 4,900 shares, an increase of 444.4% from the September 30th total of 900 shares. Based on an average daily trading volume, of 7,000 shares, the days-to-cover ratio is currently 0.7 days.

Malayan Banking Berhad Price Performance

Shares of Malayan Banking Berhad stock traded down $0.20 on Friday, hitting $4.95. The company’s stock had a trading volume of 2,314 shares, compared to its average volume of 1,837. Malayan Banking Berhad has a 1 year low of $3.55 and a 1 year high of $9.10. The firm has a fifty day moving average price of $5.08 and a 200-day moving average price of $4.94.

Malayan Banking Berhad Increases Dividend

The business also recently declared a dividend, which was paid on Monday, October 7th. Investors of record on Thursday, September 12th were issued a $0.1181 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This is a positive change from Malayan Banking Berhad’s previous dividend of $0.11. Malayan Banking Berhad’s payout ratio is presently 16.51%.

About Malayan Banking Berhad

(Get Free Report)

Malayan Banking Berhad provides commercial banking and related financial products and services. The company operates through three segments: Group Community Financial Services, Group Global Banking, and Group Insurance and Takaful. It offers savings and fixed deposits, and current accounts; and housing and personal loans, project financing, overdrafts, and trade financing, as well as remittance services.

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