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

Maple Leaf Foods Inc. (OTCMKTS:MLFNF) saw a significant drop in short interest in 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 trading volume of 41,533 shares, the days-to-cover ratio is currently 16.6 days.

Maple Leaf Foods Stock Performance

Shares of MLFNF stock opened at $21.79 on Tuesday. Maple Leaf Foods has a 12-month low of $16.68 and a 12-month high of $26.13. The business’s 50 day moving average is $21.52 and its two-hundred day moving average is $20.40.

Analysts Set New Price Targets

MLFNF has been the topic of several recent research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Maple Leaf Foods in a research report on Friday, May 8th. Desjardins assumed coverage on shares of Maple Leaf Foods in a report on Tuesday, May 26th. They set a “buy” rating for the company. Scotiabank reissued an “outperform” rating on shares of Maple Leaf Foods in a report on Friday, May 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Maple Leaf Foods in a report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

Maple Leaf Foods Company Profile

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.