Midera Food Processing (NASDAQ:MFP – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,551,071 shares, a growth of ? from the June 30th total of 0 shares. Based on an average trading volume of 1,823,190 shares, the short-interest ratio is presently 1.4 days. Currently, 5.6% of the company’s shares are short sold.
Analyst Ratings Changes
A number of research firms have recently commented on MFP. Robert W. Baird initiated coverage on shares of Midera Food Processing in a report on Wednesday, July 8th. They issued a “neutral” rating and a $40.00 price target on the stock. Zacks Research upgraded Midera Food Processing to a “hold” rating in a report on Thursday, July 16th. Finally, Oppenheimer began coverage on Midera Food Processing in a research report on Wednesday, July 15th. They set an “outperform” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $45.00.
Read Our Latest Stock Analysis on MFP
Midera Food Processing Trading Down 2.5%
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