Midera Food Processing (NASDAQ:MFP) Short Interest Update

Midera Food Processing (NASDAQ:MFP) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,551,071 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 1,823,190 shares, the short-interest ratio is presently 1.4 days. Currently, 5.6% of the shares of the company are sold short.

Analyst Ratings Changes

MFP has been the topic of a number of recent research reports. Oppenheimer initiated coverage on Midera Food Processing in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $50.00 target price on the stock. Robert W. Baird assumed coverage on Midera Food Processing in a research report on Wednesday, July 8th. They set a “neutral” rating and a $40.00 price target for the company. Finally, Zacks Research raised Midera Food Processing to a “hold” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Midera Food Processing has a consensus rating of “Hold” and an average target price of $45.00.

Midera Food Processing Trading Down 2.5%

MFP stock opened at $46.58 on Wednesday. Midera Food Processing has a one year low of $33.00 and a one year high of $48.86.