Short Interest in Marfrig Global Foods S.A. (OTCMKTS:MRRTY) Expands By 5,627.8%

Marfrig Global Foods S.A. (OTCMKTS:MRRTY) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 103,100 shares, a growth of 5,627.8% from the December 15th total of 1,800 shares. Based on an average daily volume of 41,700 shares, the days-to-cover ratio is currently 2.5 days.

Separately, Bradesco Corretora downgraded shares of Marfrig Global Foods from an “outperform” rating to a “neutral” rating and set a $23.00 price objective for the company. in a research note on Friday, December 3rd.

MRRTY stock opened at $4.22 on Friday. Marfrig Global Foods has a 52 week low of $2.36 and a 52 week high of $5.06. The firm has a 50-day simple moving average of $4.19 and a 200-day simple moving average of $4.14.

The company also recently announced a dividend, which was paid on Tuesday, January 4th. Shareholders of record on Thursday, December 30th were issued a $0.2001 dividend. The ex-dividend date was Wednesday, December 29th. This represents a yield of 11.6%.

About Marfrig Global Foods

Marfrig Global Foods SA engages in the production, processing, and trade of meat products and food made from animal proteins. It operates through the following reportable business segments: Beef and Keystone. The Beef segment engages in marketing, promotion, and export of beef. The Keystone segment is a supplier of processed food made from animal protein to global restaurant chains, with operations concentrated in the United States and Asia.

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