Micro Focus International plc (NYSE:MFGP) Short Interest Update

Micro Focus International plc (NYSE:MFGP) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 940,800 shares, a decrease of 27.6% from the August 15th total of 1,300,000 shares. Based on an average daily volume of 575,800 shares, the days-to-cover ratio is presently 1.6 days.

A number of equities analysts recently issued reports on MFGP shares. Zacks Investment Research raised Micro Focus International from a “strong sell” rating to a “hold” rating in a report on Thursday, September 9th. UBS Group reaffirmed a “neutral” rating on shares of Micro Focus International in a report on Thursday, July 8th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.75.

Shares of MFGP stock traded down $0.17 during trading hours on Monday, hitting $5.11. The stock had a trading volume of 550,822 shares, compared to its average volume of 760,332. The firm has a market capitalization of $1.71 billion, a PE ratio of 3.43 and a beta of 2.51. Micro Focus International has a twelve month low of $2.78 and a twelve month high of $8.19. The stock’s 50 day moving average is $5.63 and its 200 day moving average is $6.54.

The company also recently disclosed a semi-annual dividend, which was paid on Friday, August 6th. Stockholders of record on Friday, July 23rd were issued a $0.088 dividend. This represents a dividend yield of 3.4%. The ex-dividend date was Thursday, July 22nd. Micro Focus International’s payout ratio is currently 9.09%.

Several hedge funds have recently bought and sold shares of MFGP. BlackRock Inc. boosted its holdings in shares of Micro Focus International by 30.4% in the first quarter. BlackRock Inc. now owns 31,215 shares of the company’s stock valued at $240,000 after acquiring an additional 7,275 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Micro Focus International during the first quarter worth approximately $281,000. JPMorgan Chase & Co. raised its stake in shares of Micro Focus International by 2,199.8% during the first quarter. JPMorgan Chase & Co. now owns 181,961 shares of the company’s stock worth $1,398,000 after purchasing an additional 174,049 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Micro Focus International during the first quarter worth approximately $91,000. Finally, Cresset Asset Management LLC purchased a new stake in shares of Micro Focus International during the first quarter worth approximately $89,000. 13.38% of the stock is owned by institutional investors and hedge funds.

About Micro Focus International

Micro Focus International Plc engages in the management of mature infrastructure software assets to organizations leverage value from their investments in IT infrastructure and business applications. It operates through the following segments: Micro Focus Product Portfolio and SUSE Product Portfolio.

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