Medical Facilities Co. (OTCMKTS:MFCSF) Sees Significant Short-Term Interest Growth


Medical Facilities Co. (OTCMKTS: MFCSF – Get Rating) benefited from a surge in short-term interest in May. As of May 31, there was short interest totaling 77,600 shares, an increase of 193.9% from the May 15 total of 26,400 shares. Based on an average daily volume of 7,300 shares, the day-to-cover ratio is currently 10.6 days.

The medical facilities stock was flat at $6.65 in Friday’s midday session. The company has a 50-day simple moving average of $7.73 and a 200-day simple moving average of $7.67. Medical facilities have a one-year minimum of $5.28 and a one-year maximum of $9.64.

The company also recently declared a dividend, which was paid on Friday, April 15. Investors of record on Thursday, March 31 received a dividend of $0.0639 per share. The ex-dividend date was Wednesday, March 30. This is a positive change from Medical Facilities’ previous dividend of $0.06. This represents a return of 2.89%.

Several analysts have commented on the company. National Bank Financial upgraded medical facilities from an “outperform” rating to an “sector performance” rating in a report released Friday, May 13. Royal Bank of Canada lowered its price target on medical facilities from CA$12.00 to CA$11.00 in a report released Monday, May 16.

About medical facilities (Get a rating)

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an outpatient 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 emergency care and occupational medicine.

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