Short Interest in Maui Land & Pineapple Co. (NYSE:MLP) Decreases By 27.6%

Maui Land & Pineapple Co. (NYSE:MLP) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 109,000 shares, a decline of 27.6% from the January 15th total of 150,600 shares. Based on an average trading volume of 9,900 shares, the days-to-cover ratio is presently 11.0 days. Currently, 1.6% of the company’s shares are sold short.

Separately, ValuEngine cut shares of Maui Land & Pineapple from a “buy” rating to a “hold” rating in a research report on Monday.

Several hedge funds have recently added to or reduced their stakes in MLP. BlackRock Inc. increased its position in shares of Maui Land & Pineapple by 1.2% in the second quarter. BlackRock Inc. now owns 514,246 shares of the financial services provider’s stock valued at $5,292,000 after acquiring an additional 6,044 shares during the period. Bfsg LLC purchased a new position in shares of Maui Land & Pineapple in the third quarter valued at about $175,000. Oppenheimer & Co. Inc. increased its position in shares of Maui Land & Pineapple by 3.4% in the third quarter. Oppenheimer & Co. Inc. now owns 323,998 shares of the financial services provider’s stock valued at $3,526,000 after acquiring an additional 10,794 shares during the period. Valueworks LLC increased its position in shares of Maui Land & Pineapple by 10.1% in the third quarter. Valueworks LLC now owns 469,468 shares of the financial services provider’s stock valued at $5,108,000 after acquiring an additional 43,217 shares during the period. Finally, TSP Capital Management Group LLC increased its position in shares of Maui Land & Pineapple by 0.3% in the fourth quarter. TSP Capital Management Group LLC now owns 1,008,999 shares of the financial services provider’s stock valued at $11,351,000 after acquiring an additional 2,800 shares during the period. Hedge funds and other institutional investors own 15.90% of the company’s stock.

Shares of MLP stock traded down $0.36 during mid-day trading on Friday, reaching $12.54. The stock had a trading volume of 15,500 shares, compared to its average volume of 13,810. The stock’s 50-day moving average price is $10.98 and its two-hundred day moving average price is $10.67. Maui Land & Pineapple has a 52-week low of $9.70 and a 52-week high of $12.94. The firm has a market capitalization of $238.45 million, a PE ratio of 104.51 and a beta of 0.93.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc, together with its subsidiaries, develops, sells, and manages residential, resort, commercial, agricultural, and industrial real estate properties in the United States. The company operates through Real Estate, Leasing, Utilities, and Resort Amenities segments. The Real Estate segment is involved in the land planning and entitlement, development, and sales activities; and general brokerage real estate business.

Further Reading: Quiet Period

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