Malayan Banking Berhad (OTCMKTS:MLYBY) Stock Short Interest Drops 83.0%

Malayan Banking Berhad (OTCMKTS:MLYBY) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 100 shares, a drop of 83.0% from the August 31st total of 587 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 0.0 days.

Malayan Banking Berhad Price Performance

Shares of OTCMKTS:MLYBY traded down $0.01 during trading on Friday, hitting $5.64. 133 shares of the stock traded hands, compared to its average volume of 2,679. The company has a fifty day moving average price of $5.47 and a two-hundred day moving average price of $5.75. Malayan Banking Berhad has a 52-week low of $4.20 and a 52-week high of $8.10.

About Malayan Banking Berhad

Malayan Banking Berhad, commonly known as Maybank, is a Malaysia-based banking and financial services group. Established in 1960, the company provides services to individuals, businesses, corporations, and government-related entities through conventional and Islamic banking operations.

Maybank’s products and services include deposits, personal and commercial loans, credit cards, payments, wealth management, treasury services, investment banking, and corporate advisory. Through its related businesses, the group also offers insurance and takaful products, asset management, brokerage, and other capital markets services.

The company serves customers across Malaysia and maintains a regional presence in markets including Singapore, Indonesia, the Philippines, Cambodia, Thailand, and Vietnam, as well as selected international financial centers.