Mapfre, S.A. (OTCMKTS:MPFRF) Short Interest Down 63.0% in April

Mapfre, S.A. (OTCMKTS:MPFRF) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 552,024 shares, a decline of 63.0% from the April 15th total of 1,492,961 shares. Based on an average daily volume of 273 shares, the short-interest ratio is currently 2,022.1 days.

Analysts Set New Price Targets

Separately, UBS Group began coverage on Mapfre in a report on Tuesday, January 20th. They set a “sell” rating on the stock. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Mapfre presently has a consensus rating of “Hold”.

Mapfre Price Performance

Shares of OTCMKTS:MPFRF remained flat at $5.00 during trading on Thursday. The stock had a trading volume of 1 shares, compared to its average volume of 4,933. Mapfre has a fifty-two week low of $3.79 and a fifty-two week high of $5.00. The firm has a 50 day simple moving average of $4.50 and a 200-day simple moving average of $4.41.

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.