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

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

The Merchants Trust Price Performance

MHTUF remained flat at $6.18 during trading on Friday. The firm’s fifty day simple moving average is $6.18 and its 200-day simple moving average is $6.18. The Merchants Trust has a 52 week low of $6.17 and a 52 week 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.