Short Interest in Medical Facilities Co. (OTCMKTS:MFCSF) Grows By 78.0%

Medical Facilities Co. (OTCMKTS:MFCSF – Get Rating) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 14,600 shares, an increase of 78.0% from the April 15th total of 8,200 shares. Based on an average trading volume of 7,900 shares, the days-to-cover ratio is currently 1.8 days.

Shares of OTCMKTS MFCSF opened at $6.57 on Friday. Medical Facilities has a 52 week low of $5.28 and a 52 week high of $9.64. The firm’s fifty day moving average is $8.63 and its 200 day moving average is $7.75.

The company also recently announced a dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a $0.0639 dividend. This represents a dividend yield of 2.89%. This is an increase from Medical Facilities’s previous dividend of $0.06. The ex-dividend date of this dividend was Wednesday, March 30th.

A number of brokerages have recently weighed in on MFCSF. National Bank Financial lowered shares of Medical Facilities from an “outperform” rating to a “sector perform” rating in a report on Friday. Royal Bank of Canada lifted their target price on shares of Medical Facilities from C$10.00 to C$12.00 in a research note on Friday, March 11th.

Medical Facilities Company Profile (Get Rating)

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the United States. The company's specialty surgical hospitals provide surgical, imaging, diagnostic, and other pain management procedures; and other ancillary services, such as urgent care and occupational health.

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