Maui Land & Pineapple Company, Inc. (NYSE:MLP) Short Interest Down 41.6% in August

Maui Land & Pineapple Company, Inc. (NYSE:MLP) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 14,300 shares, a decrease of 41.6% from the August 15th total of 24,500 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 32,200 shares, the days-to-cover ratio is presently 0.4 days.

Separately, TheStreet raised Maui Land & Pineapple from a “d” rating to a “c” rating in a research report on Monday, August 30th.

Shares of NYSE:MLP traded down $0.19 during trading on Monday, hitting $10.41. The stock had a trading volume of 10,602 shares, compared to its average volume of 26,685. Maui Land & Pineapple has a 12 month low of $10.00 and a 12 month high of $12.80. The company has a market capitalization of $202.43 million, a PE ratio of -520.50 and a beta of 0.79. The firm’s fifty day moving average is $10.76 and its 200 day moving average is $10.98.

In related news, VP Paulus Subrata sold 7,000 shares of the stock in a transaction dated Thursday, August 26th. The stock was sold at an average price of $10.90, for a total transaction of $76,300.00. Following the completion of the sale, the vice president now directly owns 5,595 shares in the company, valued at approximately $60,985.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 64.90% of the company’s stock.

Several large investors have recently made changes to their positions in the company. UBS Group AG increased its position in Maui Land & Pineapple by 88.3% during the 1st quarter. UBS Group AG now owns 2,636 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,236 shares in the last quarter. JPMorgan Chase & Co. increased its position in Maui Land & Pineapple by 7.6% during the 1st quarter. JPMorgan Chase & Co. now owns 19,972 shares of the financial services provider’s stock valued at $230,000 after buying an additional 1,413 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Maui Land & Pineapple by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 278,263 shares of the financial services provider’s stock valued at $3,208,000 after buying an additional 1,433 shares in the last quarter. Morgan Stanley increased its position in Maui Land & Pineapple by 37.9% during the 2nd quarter. Morgan Stanley now owns 11,730 shares of the financial services provider’s stock valued at $126,000 after buying an additional 3,222 shares in the last quarter. Finally, Barclays PLC increased its position in Maui Land & Pineapple by 159.2% during the 1st quarter. Barclays PLC now owns 5,633 shares of the financial services provider’s stock valued at $65,000 after buying an additional 3,460 shares in the last quarter. 14.24% of the stock is owned by hedge funds and other institutional investors.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.

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