mdf commerce inc. (OTCMKTS:MECVF – Get Rating) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 66,000 shares, an increase of 73.7% from the March 31st total of 38,000 shares. Based on an average daily trading volume, of 4,200 shares, the short-interest ratio is currently 15.7 days.
Shares of MECVF opened at $1.85 on Friday. The business’s fifty day simple moving average is $2.59 and its two-hundred day simple moving average is $3.58. mdf commerce has a 12 month low of $1.85 and a 12 month high of $6.37.
A number of research firms recently weighed in on MECVF. National Bank Financial reduced their price objective on mdf commerce from C$5.00 to C$3.00 in a research report on Tuesday. BMO Capital Markets began coverage on mdf commerce in a research report on Monday, April 11th. They set a “market perform” rating for the company.
mdf commerce inc., through its subsidiaries, provides software as a service (SaaS) solutions for consumers and businesses in Canada, the United States, Europe, Asia, and internationally. The company's SaaS solutions optimizes and accelerates commercial interactions between buyers and sellers. Its solutions include strategic sourcing, ecommerce, supply chain collaboration, and emarketplace.
- Get a free copy of the StockNews.com research report on mdf commerce (MECVF)
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