Short-term stake in Medical Facilities Co. (OTCMKTS:MFCSF) increases 80.8%


Medical Facilities Co. (OTCMKTS:MFCSF – Get Rating) was the target of a surge in short-term interest in May. As of May 15, there was short interest totaling 26,400 shares, an increase of 80.8% from the total of 14,600 shares as of April 30. Based on an average daily trading volume of 4,000 shares, the days-to-cover ratio is currently 6.6 days.

OTCMKTS MFCSF opened at $6.60 on Friday. The company has a fifty-day moving average price of $8.20 and a 200-day moving average price of $7.68. Medical facilities have a one-year minimum of $5.28 and a one-year maximum of $9.64.

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

Several brokerages have recently weighed in on MFCSF. National Bank Financial downgraded the medical facilities rating from an “outperform” rating to an “sector performance” rating in a Friday, May 13 research note. Royal Bank of Canada reduced its price target on medical facilities from CA$12.00 to CA$11.00 in a Monday, May 16 research note.

Medical Facilities Company Profile (Get an evaluation)

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 health.

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