Is Buying Milacron Holdings Corp (NYSE:MCRN), Having Lower Short Interest a Winning Strategy?

March 21, 2018 - By Kurt Siggers

 Is Buying Milacron Holdings Corp (NYSE:MCRN), Having Lower Short Interest a Winning Strategy?

The stock of Milacron Holdings Corp (NYSE:MCRN) registered a decrease of 14.63% in short interest. MCRN’s total short interest was 546,100 shares in March as published by FINRA. Its down 14.63% from 639,700 shares, reported previously. With 311,900 shares average volume, it will take short sellers 2 days to cover their MCRN’s short positions. The short interest to Milacron Holdings Corp’s float is 0.79%.

The stock decreased 0.05% or $0.01 during the last trading session, reaching $20.94. About 284,181 shares traded. Milacron Holdings Corp. (NYSE:MCRN) has risen 16.99% since March 21, 2017 and is uptrending. It has outperformed by 0.29% the S&P500.

Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company has market cap of $1.46 billion. The firm operates through three divisions: Advanced Plastic Processing Technologies , Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids). It has a 1308.75 P/E ratio. The APPT segment designs, makes, and sells injection molding, blow molding, and extrusion equipment; and auxiliary systems and related parts and service.

Milacron Holdings Corp. (NYSE:MCRN) Ratings Coverage

Among 7 analysts covering Milacron Holdings Corp (NYSE:MCRN), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Milacron Holdings Corp has $25 highest and $14 lowest target. $21’s average target is 0.29% above currents $20.94 stock price. Milacron Holdings Corp had 15 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, November 10 by Robert W. Baird. As per Wednesday, October 4, the company rating was maintained by Robert W. Baird. On Tuesday, August 4 the stock rating was initiated by JP Morgan with “Neutral”. KeyBanc Capital Markets maintained Milacron Holdings Corp. (NYSE:MCRN) on Friday, September 15 with “Buy” rating. Robert W. Baird initiated the stock with “Outperform” rating in Tuesday, August 4 report. Barclays Capital maintained Milacron Holdings Corp. (NYSE:MCRN) rating on Monday, October 5. Barclays Capital has “Overweight” rating and $21 target. As per Tuesday, August 4, the company rating was initiated by KeyBanc Capital Markets. The stock has “Neutral” rating by Goldman Sachs on Tuesday, August 4. The rating was initiated by Bank of America on Tuesday, August 4 with “Buy”. Barclays Capital initiated Milacron Holdings Corp. (NYSE:MCRN) on Tuesday, August 4 with “Overweight” rating.

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