Mapfre, SA (OTCMKTS:MPFRF) Short interest down 69.2% in April
Mapfre, SA (OTCMKTS: MPFRF – Get a rating) benefited from a sharp fall in short-term interest rates in April. As of April 30, there was short interest totaling 208,200 shares, a decline of 69.2% from the April 15 total of 676,600 shares. Based on an average trading volume of 100 shares, the short-term interest rate ratio is currently 2,082.0 days.
MPFRF has been the subject of several research analyst reports. Barclays lowered its price target on Mapfre from €1.74 ($1.83) to €1.73 ($1.82) and set an “underweight” rating for the company in a research report from the Monday April 11. Credit Suisse Group raised its price target on Mapfre from €1.60 ($1.68) to €1.78 ($1.87) in a Tuesday, April 26 research report.
Shares of Action MPFRF held steady at $1.80 during Thursday’s midday session. Mapfre has a 12-month low of $1.72 and a 12-month high of $2.30. The company has a 50-day moving average of $1.85 and a 200-day moving average of $2.00.
About Mapfre (Get a rating)
Mapfre, SA carries out insurance and reinsurance activities worldwide. It offers life, health, accident, savings and investment, retirement, funeral, travel and leisure insurance; and home, auto, liability, family and other insurance. The Company also provides insurance products for vehicles, liability and assets, agriculture and animal husbandry, commercial establishments and other insurance products.
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