Martinrea International Inc. (OTCMKTS:MRETF – Get Rating) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 674,500 shares, a growth of 52.8% from the August 15th total of 441,300 shares. Based on an average trading volume of 3,900 shares, the short-interest ratio is presently 172.9 days.
Martinrea International Trading Down 0.9 %
Shares of OTCMKTS MRETF opened at $7.77 on Friday. Martinrea International has a 12-month low of $5.80 and a 12-month high of $9.79. The business's fifty day simple moving average is $7.66 and its 200-day simple moving average is $7.11.
Get Martinrea International alerts:Wall Street Analyst Weigh In
Several research analysts recently weighed in on MRETF shares. TD Securities increased their price objective on Martinrea International from C$14.00 to C$15.00 in a research report on Tuesday, August 9th. CIBC decreased their price target on Martinrea International from C$14.00 to C$13.00 in a research note on Friday, July 22nd. Scotiabank upped their price target on Martinrea International from C$13.00 to C$14.00 in a research note on Tuesday, August 9th. Raymond James upped their price target on Martinrea International from C$11.00 to C$12.00 in a research note on Tuesday, August 9th. Finally, BMO Capital Markets upped their price target on Martinrea International from C$9.00 to C$11.00 in a research note on Tuesday, August 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Martinrea International presently has an average rating of "Hold" and an average target price of $13.00.
About Martinrea International
(Get Rating)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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