Marfrig Global Foods S.A. (OTCMKTS:MRRTY) Short Interest Update

Marfrig Global Foods S.A. (OTCMKTS:MRRTYGet Rating) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 12,700 shares, an increase of 67.1% from the March 15th total of 7,600 shares. Based on an average trading volume of 38,300 shares, the days-to-cover ratio is presently 0.3 days.

Several brokerages have recently weighed in on MRRTY. Itau BBA Securities cut shares of Marfrig Global Foods from an “outperform” rating to a “market perform” rating in a research report on Friday, April 1st. Barclays cut shares of Marfrig Global Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, March 11th.

OTCMKTS MRRTY traded down $0.16 during trading hours on Friday, reaching $4.49. The company had a trading volume of 24,764 shares, compared to its average volume of 26,484. The stock has a 50-day moving average of $4.41 and a 200 day moving average of $4.35. Marfrig Global Foods has a 1-year low of $3.25 and a 1-year high of $5.06.

The business also recently announced a dividend, which will be paid on Friday, April 29th. Shareholders of record on Friday, April 22nd will be given a $0.1075 dividend. The ex-dividend date is Thursday, April 21st. This represents a yield of 11.63%.

About Marfrig Global Foods (Get Rating)

Marfrig Global Foods SA, through its subsidiaries, operates in the food and food service industries in Brazil, the United States, Uruguay, and Argentina. It produces, processes, distributes, and sells animal-based proteins, such as beef, lamb, and fish, as well as plant-based proteins; and various other food products, including frozen vegetables, sheep, fish, and sauces.

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