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

Midera Food Processing (NASDAQ:MFP) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 2,551,071 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average trading volume of 1,823,190 shares, the short-interest ratio is presently 1.4 days. Approximately 5.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Midera Food Processing Stock Up 0.7%

MFP stock traded up $0.33 during midday trading on Thursday, hitting $46.94. The stock had a trading volume of 556,999 shares, compared to its average volume of 1,327,307. Midera Food Processing has a 12-month low of $33.00 and a 12-month high of $48.86.