Mapfre, S.A. (OTCMKTS:MPFRF) Short Interest Down 63.0% in April
by Teresa Graham · The Cerbat GemMapfre, S.A. (OTCMKTS:MPFRF – Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 552,024 shares, a drop of 63.0% from the April 15th total of 1,492,961 shares. Based on an average daily volume of 273 shares, the days-to-cover ratio is currently 2,022.1 days.
Mapfre Stock Performance
MPFRF remained flat at $5.00 during midday trading on Thursday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 4,933. Mapfre has a 12-month low of $3.79 and a 12-month high of $5.00. The company’s 50 day simple moving average is $4.50 and its 200-day simple moving average is $4.41.
Wall Street Analysts Forecast Growth
Separately, UBS Group started coverage on Mapfre in a research report on Tuesday, January 20th. They issued a “sell” rating for the company. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Check Out Our Latest Research Report on Mapfre
About Mapfre
Mapfre, SA is a global insurance group headquartered in Majadahonda, Spain. Founded in 1933 as a mutual insurance company for agricultural producers, Mapfre has grown into one of the leading insurers in Latin America and Europe. The company’s core activities encompass life and non-life insurance, covering property and casualty, auto, health, and personal accident lines. It also provides investment management and pension products, offering a full suite of services for both individual and corporate clients.
Through its operating subsidiaries and joint ventures, Mapfre maintains a presence in more than 40 countries across Europe, Latin America, North America, the Middle East and Africa, and Asia.