Midera Food Processing (NASDAQ:MFP) Sees Large Increase in Short Interest

Midera Food Processing (NASDAQ:MFP) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,551,071 shares, a growth of ? from the June 30th total of 0 shares. Currently, 5.6% of the shares of the company are short sold. Based on an average trading volume of 1,823,190 shares, the days-to-cover ratio is currently 1.4 days.

Midera Food Processing Stock Performance

Shares of Midera Food Processing stock traded down $0.15 during trading hours on Friday, hitting $47.99. 303,740 shares of the company were exchanged, compared to its average volume of 1,308,830. Midera Food Processing has a 1 year low of $33.00 and a 1 year high of $48.89.

Wall Street Analyst Weigh In

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