Does MALAYAN BANKING ADR (OTCMKTS:MLYBY) Have Gas After Even Less Sellers Involved?

July 17, 2017 - By Louis Casey

The stock of MALAYAN BANKING ADR (OTCMKTS:MLYBY) registered a decrease of 18.06% in short interest. MLYBY’s total short interest was 11,800 shares in July as published by FINRA. Its down 18.06% from 14,400 shares, reported previously. With 4,500 shares average volume, it will take short sellers 3 days to cover their MLYBY’s short positions.

It closed at $4.55 lastly. It is down 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Malayan Banking Berhad is the holding firm for the Maybank Group with branches in Malaysia, Singapore and other international financial centers, such as London, New York, Hong Kong and Bahrain. The company has market cap of $24.02 billion. The Firm is engaged in all aspects of commercial banking and related financial services. It currently has negative earnings. The Company’s divisions include Group Community Financial Services, Group Global Banking, and Group Insurance and Takaful.

More notable recent Malayan Banking Berhad (ADR) (OTCMKTS:MLYBY) news were published by: 4-Traders.com which released: “Malayan Banking Berhad : Maybank plans to boost US operations with new services” on November 11, 2013, also Seekingalpha.com with their article: “Top 10 Asia-Pacific Regional ETFs” published on July 24, 2012, 4-Traders.com published: “Malayan Banking Berhad : Maybank’s BII Mumbai Branch commenced operations” on July 10, 2013. More interesting news about Malayan Banking Berhad (ADR) (OTCMKTS:MLYBY) were released by: Seekingalpha.com and their article: “Time To Bottom Shop For Stocks In Malaysia?” published on August 11, 2015 as well as Seekingalpha.com‘s news article titled: “Linc Energy – Nearly A ‘Sure Thing’?” with publication date: July 18, 2014.

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