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Shares of Matthews International Corp. (NASDAQ:MATW) were the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 1,713,202 shares, a decline of 29.1% from the July 15th total of 2,415,619 shares, Analyst Ratings News reports. Approximately 5.4% of the company’s shares are sold short. Based on an average daily volume of 190,101 shares, the short-interest ratio is currently 9.0 days.

In other Matthews International Corp. news, Director John P. Oleary, Jr. unloaded 6,770 shares of the company’s stock on the open market in a transaction dated Thursday, August 7th. The shares were sold at an average price of $43.77, for a total transaction of $296,322.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Matthews International Corp. (NASDAQ:MATW) traded up 1.24% on Monday, hitting $45.88. The stock had a trading volume of 112,454 shares. Matthews International Corp. has a 1-year low of $36.27 and a 1-year high of $45.92. The stock’s 50-day moving average is $43.32 and its 200-day moving average is $41.4. The company has a market cap of $1.506 billion and a price-to-earnings ratio of 23.60.

Matthews International Corp. (NASDAQ:MATW) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.05. The company had revenue of $279.98 million for the quarter, compared to the consensus estimate of $260.63 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Matthews International Corp. will post $2.68 EPS for the current fiscal year.

Matthews International Corporation (NASDAQ:MATW) is a designer, manufacturer and marketer of memorialization products and brand solutions.

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