Short Interest in Mapfre, S.A. (OTCMKTS:MPFRF) Declines By 37.2%

Mapfre, S.A. (OTCMKTS:MPFRF) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 1,642,476 shares, a decrease of 37.2% from the March 15th total of 2,615,404 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ? days.

Mapfre Stock Performance

MPFRF stock remained flat at $4.25 on Wednesday. The business’s 50 day moving average price is $4.25 and its two-hundred day moving average price is $4.35. Mapfre has a twelve month low of $3.79 and a twelve month high of $4.25.

Analysts Set New Price Targets

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

Mapfre Company Profile

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.