Melrose Bancorp Inc (NASDAQ:MELR) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 3,100 shares, a decline of 55.7% from the May 15th total of 7,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is currently 1.8 days.
Shares of MELR stock traded down $0.10 during trading hours on Friday, hitting $19.00. The company had a trading volume of 549 shares, compared to its average volume of 3,719. The business’s fifty day moving average is $18.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.66. Melrose Bancorp has a fifty-two week low of $16.99 and a fifty-two week high of $20.15. The firm has a market capitalization of $44.16 million, a PE ratio of 26.13 and a beta of 0.20.
Melrose Bancorp (NASDAQ:MELR) last announced its earnings results on Friday, May 10th. The financial services provider reported $0.14 earnings per share for the quarter. Melrose Bancorp had a net margin of 13.44% and a return on equity of 3.63%. The firm had revenue of $1.98 million for the quarter.
Melrose Bancorp, Inc operates as the bank holding company for Melrose Cooperative Bank that provides various banking products and services. The company accepts various deposits, such as noninterest-bearing demand accounts, money market accounts, savings accounts, NOW accounts, and certificates of deposit.
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