Short Interest in Mapfre, S.A. (OTCMKTS:MPFRF) Drops By 69.2%

Mapfre, S.A. (OTCMKTS:MPFRFGet Rating) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 208,200 shares, a drop of 69.2% from the April 15th total of 676,600 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 2,082.0 days.

Mapfre stock remained flat at $$1.80 during mid-day trading on Friday. The company has a fifty day moving average price of $1.85 and a 200 day moving average price of $1.99. Mapfre has a 1-year low of $1.72 and a 1-year high of $2.30.

Several equities analysts recently weighed in on the company. Barclays dropped their price objective on Mapfre from €1.74 ($1.83) to €1.73 ($1.82) and set an “underweight” rating for the company in a research note on Monday, April 11th. Credit Suisse Group raised their price objective on Mapfre from €1.60 ($1.68) to €1.78 ($1.87) in a research note on Tuesday, April 26th.

About Mapfre (Get Rating)

Mapfre, SA, engages in the insurance and reinsurance activities worldwide. It offers life, health, accident, savings and investment, retirement, burial, and travel and leisure insurance; and homeowner's, automobile, third-party liability, family, and other insurance. The company also provides vehicle, third-party liability and asset, agriculture and livestock, commercial establishment, and other insurance products.

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