Maple Leaf Foods Inc. (OTCMKTS:MLFNF) Short Interest Update

Maple Leaf Foods Inc. (OTCMKTS:MLFNF) saw a large drop in short interest in the month of 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.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Maple Leaf Foods in a research report on Friday, May 8th. Desjardins initiated coverage on shares of Maple Leaf Foods in a report on Tuesday, May 26th. They issued a “buy” rating on the stock. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Maple Leaf Foods in a research note on Friday, May 8th. Finally, Scotiabank reissued an “outperform” rating on shares of Maple Leaf Foods in a report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Maple Leaf Foods Stock Performance

Shares of MLFNF stock opened at $21.57 on Wednesday. Maple Leaf Foods has a fifty-two week low of $16.68 and a fifty-two week high of $26.13. The business has a fifty day simple moving average of $21.51 and a 200-day simple moving average of $20.42.

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.