Maple Leaf Foods Inc. (OTCMKTS:MLFNF – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 690,538 shares, a decrease of 46.2% from the May 31st total of 1,283,747 shares. Based on an average trading volume of 41,533 shares, the short-interest ratio is currently 16.6 days.
Maple Leaf Foods Trading Down 0.2%
OTCMKTS MLFNF traded down $0.04 on Thursday, reaching $21.53. 106 shares of the company’s stock traded hands, compared to its average volume of 27,564. Maple Leaf Foods has a fifty-two week low of $16.68 and a fifty-two week high of $26.13. The stock has a 50 day moving average price of $21.51 and a 200-day moving average price of $20.44.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Desjardins initiated coverage on Maple Leaf Foods in a research report on Tuesday, May 26th. They set a “buy” rating for the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Maple Leaf Foods in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Maple Leaf Foods in a report on Friday, May 8th. Finally, Scotiabank reiterated an “outperform” rating on shares of Maple Leaf Foods in a research report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.
Maple Leaf Foods Company Profile
Maple Leaf Foods, trading as OTCMKTS:MLFNF, is a leading Canadian consumer packaged meats company headquartered in Mississauga, Ontario. The company’s operations encompass the processing, packaging and distribution of fresh and value-added meats, including pork and poultry products. Maple Leaf Foods serves a broad customer base through retail grocery channels, foodservice operators and international export markets.
The company’s portfolio features a range of branded offerings such as Maple Leaf® and Schneiders® for traditional meat products, alongside plant-based protein lines acquired through its Lightlife Foods and Field Roast Grain Meat Co subsidiaries.
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