Short Interest in Mapfre, S.A. (OTCMKTS:MPFRF) Drops By 63.0%

Mapfre, S.A. (OTCMKTS:MPFRF) was the target of a significant decline in short interest during the month of 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 trading volume, of 273 shares, the short-interest ratio is presently 2,022.1 days.

Mapfre Price Performance

Shares of MPFRF remained flat at $5.00 during mid-day trading on Friday. The company has a 50-day moving average price of $4.54 and a 200 day moving average price of $4.42. Mapfre has a 52 week low of $3.79 and a 52 week high of $5.00.

Wall Street Analyst Weigh In

Separately, UBS Group started coverage on shares of Mapfre in a report on Tuesday, January 20th. They issued a “sell” rating for the company. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.