Short Interest in Mapfre, S.A. (OTCMKTS:MPFRF) Rises By 39.8%

Mapfre, S.A. (OTCMKTS:MPFRF) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 2,543,044 shares, an increase of 39.8% from the February 12th total of 1,819,287 shares. Based on an average daily volume of 669 shares, the short-interest ratio is presently 3,801.3 days. Based on an average daily volume of 669 shares, the short-interest ratio is presently 3,801.3 days.

Mapfre Price Performance

Shares of MPFRF remained flat at $4.25 during mid-day trading on Friday. Mapfre has a one year low of $3.79 and a one year high of $4.25. The company has a 50-day moving average of $4.31 and a two-hundred day moving average of $4.27.

Analysts Set New Price Targets

Separately, UBS Group initiated coverage on Mapfre in a report on Tuesday, January 20th. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Mapfre Company Profile

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.