Short Interest in Malayan Banking Berhad (OTCMKTS:MLYBY) Rises By 28.6%

Malayan Banking Berhad (OTCMKTS:MLYBY) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 900 shares, an increase of 28.6% from the September 15th total of 700 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is currently 0.6 days.

Malayan Banking Berhad Price Performance

MLYBY stock remained flat at $5.19 during trading on Tuesday. 98 shares of the company’s stock traded hands, compared to its average volume of 1,868. The firm has a 50 day simple moving average of $5.04 and a two-hundred day simple moving average of $4.91. Malayan Banking Berhad has a fifty-two week low of $3.20 and a fifty-two week high of $9.10.

Malayan Banking Berhad Increases Dividend

The company also recently declared a dividend, which was paid on Monday, October 7th. Investors of record on Thursday, September 12th were paid a dividend of $0.1181 per share. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from Malayan Banking Berhad’s previous dividend of $0.11. Malayan Banking Berhad’s payout ratio is currently 16.51%.

About Malayan Banking Berhad

Malayan Banking Berhad provides commercial banking and related financial products and services. The company operates through three segments: Group Community Financial Services, Group Global Banking, and Group Insurance and Takaful. It offers savings and fixed deposits, and current accounts; and housing and personal loans, project financing, overdrafts, and trade financing, as well as remittance services.