The Merchants Trust Plc (OTCMKTS:MHTUF) Sees Significant Drop in Short Interest

The Merchants Trust Plc (OTCMKTS:MHTUF) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 4,500 shares, a decline of 22.4% from the December 15th total of 5,800 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

The Merchants Trust Stock Performance

MHTUF stock remained flat at $6.18 during midday trading on Wednesday. The stock has a fifty day moving average price of $6.18 and a 200 day moving average price of $6.18. The Merchants Trust has a one year low of $6.17 and a one year high of $6.30.

About The Merchants Trust

The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.