Time to Reconsider Metropolitan Bank Holding Corporation (NYSE:MCB) After More Short Sellers?

February 15, 2018 - By Hazel Jackson

 Time to Reconsider Metropolitan Bank Holding Corporation (NYSE:MCB) After More Short Sellers?

The stock of Metropolitan Bank Holding Corporation (NYSE:MCB) registered an increase of 19.09% in short interest. MCB’s total short interest was 26,200 shares in February as published by FINRA. Its up 19.09% from 22,000 shares, reported previously. With 64,900 shares average volume, it will take short sellers 0 days to cover their MCB’s short positions.

The stock decreased 0.62% or $0.28 during the last trading session, reaching $44.91. About 17,722 shares traded. Metropolitan Bank Holding Corp. (NYSE:MCB) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Metropolitan Bank Holding Corp. operates as the bank holding firm for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking services and products to small businesses, middle-market enterprises, public entities, and individuals in the New York metropolitan area. The company has market cap of $368.10 million. It offers checking, savings, term deposit, and money market accounts, as well as certificates of deposit. It has a 19.19 P/E ratio. The firm also provides lending products, including commercial real estate, multifamily, construction, and one- to four-family residential loans; commercial and industrial loans; commercial and industrial loans, such as term loans and revolving lines of credit; commercial mortgages; and consumer loans.

More notable recent Metropolitan Bank Holding Corp. (NYSE:MCB) news were published by: Seekingalpha.com which released: “Bitcoin And Coinbase Fuel Growth At Metropolitan Bank Holding Corp.” on December 18, 2017, also Businesswire.com with their article: “Metropolitan Bank Holding Corp. Files Registration Statement for Proposed …” published on October 05, 2017, Marketwatch.com published: “Metropolitan Bank Holding Corp.” on October 14, 2017. More interesting news about Metropolitan Bank Holding Corp. (NYSE:MCB) were released by: Seekingalpha.com and their article: “The Bitcoin Bank: Metropolitan Bank Holding Corp.” published on December 08, 2017 as well as Businesswire.com‘s news article titled: “Metropolitan Bank Holding Corp. Launches Initial Public Offering of Common Stock” with publication date: October 27, 2017.

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