Short Interest in Martinrea International Inc. (OTCMKTS:MRETF) Grows By 24.8%

Martinrea International Inc. (OTCMKTS:MRETFGet Rating) saw a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 378,400 shares, an increase of 24.8% from the December 15th total of 303,300 shares. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is currently 111.3 days.

Martinrea International Stock Performance

MRETF opened at $8.87 on Friday. The company has a fifty day moving average of $8.61 and a 200-day moving average of $7.73. Martinrea International has a twelve month low of $5.80 and a twelve month high of $9.42.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MRETF. Scotiabank raised their price target on shares of Martinrea International from C$13.00 to C$16.00 in a research report on Wednesday, December 7th. Raymond James upgraded shares of Martinrea International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 2nd. Finally, BMO Capital Markets lowered their price objective on Martinrea International from C$11.00 to C$10.00 in a research note on Tuesday, October 18th.

About Martinrea International

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Martinrea International Inc designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. It offers engine blocks, transmissions, cases, housings, oil coolers, hoses, tube assemblies, oil fillers, tubes, indicators, oil pick-up screens and pipes, heater hose inlets and outlets, and electric motor housings; and front horizontal, rear suspension, and front vertical modules.

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