Moelis & Company (NYSE:MC) Can’t Be Less Risky. Short Interest Decreased

February 15, 2018 - By Peter Erickson

 Moelis & Company (NYSE:MC) Can't Be Less Risky. Short Interest Decreased

The stock of Moelis & Company (NYSE:MC) registered a decrease of 7.8% in short interest. MC’s total short interest was 771,800 shares in February as published by FINRA. Its down 7.8% from 837,100 shares, reported previously. With 344,900 shares average volume, it will take short sellers 2 days to cover their MC’s short positions.

The stock increased 0.89% or $0.475 during the last trading session, reaching $54.175. About 219,224 shares traded. Moelis & Company (NYSE:MC) has risen 40.93% since February 15, 2017 and is uptrending. It has outperformed by 24.23% the S&P500.

Moelis & Company provides strategic and financial advisory services in the United States and internationally. The company has market cap of $3.03 billion. The firm advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. It has a 61.28 P/E ratio. Moelis & Company offers its services to public multinational firms, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

Moelis & Company (NYSE:MC) Ratings Coverage

Among 13 analysts covering Moelis & Co (NYSE:MC), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Moelis & Co had 32 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Hold” rating by Sandler O’Neill given on Thursday, February 8. The rating was initiated by Sandler O’Neill on Monday, November 30 with “Buy”. Keefe Bruyette & Woods maintained Moelis & Company (NYSE:MC) rating on Monday, July 24. Keefe Bruyette & Woods has “Hold” rating and $4200 target. The rating was upgraded by Credit Suisse to “Neutral” on Tuesday, September 8. Sandler O’Neill maintained the shares of MC in report on Thursday, January 11 with “Hold” rating. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. The stock of Moelis & Company (NYSE:MC) has “Outperform” rating given on Tuesday, August 11 by KBW. The firm earned “Buy” rating on Tuesday, July 25 by Bank of America. Morgan Stanley maintained the shares of MC in report on Thursday, October 26 with “Overweight” rating. The firm has “Hold” rating given on Monday, June 5 by Keefe Bruyette & Woods.

More recent Moelis & Company (NYSE:MC) news were published by: Cnbc.com which released: “‘People are underestimating the impact of the tax reform,’ says Ken Moelis …” on January 20, 2018. Also Businessinsider.com published the news titled: “Boutique investment bank Moelis & Co. announced its managing director …” on January 25, 2018. Bloomberg.com‘s news article titled: “Ken Moelis Says It’s Possible That a Woman Can Be the Next CEO of the …” with publication date: January 24, 2018 was also an interesting one.

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