Short Interest in Maple Leaf Foods Inc. (OTCMKTS:MLFNF) Drops By 46.2%

Maple Leaf Foods Inc. (OTCMKTS:MLFNFGet Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 690,538 shares, a drop of 46.2% from the May 31st total of 1,283,747 shares. Based on an average daily volume of 41,533 shares, the days-to-cover ratio is presently 16.6 days.

Maple Leaf Foods Price Performance

Shares of MLFNF opened at $21.79 on Tuesday. Maple Leaf Foods has a 52-week low of $16.68 and a 52-week high of $26.13. The firm’s fifty day moving average is $21.52 and its two-hundred day moving average is $20.40.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MLFNF. Scotiabank reissued an “outperform” rating on shares of Maple Leaf Foods in a research note on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Maple Leaf Foods in a report on Friday, May 8th. Desjardins began coverage on Maple Leaf Foods in a report on Tuesday, May 26th. They issued a “buy” rating on the stock. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Maple Leaf Foods in a research note on Friday, May 8th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

View Our Latest Report on Maple Leaf Foods

Maple Leaf Foods Company Profile

(Get Free Report)

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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