After Reaching Milestone, Is Moelis & Company (NYSE:MC)’s Short Interest Revealing Something?

February 15, 2018 - By Linda Rogers

 After Reaching Milestone, Is Moelis & Company (NYSE:MC)’s Short Interest Revealing Something?

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 rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The firm has “Outperform” rating given on Tuesday, August 11 by Bruyette & Woods”. The stock of Moelis & Company (NYSE:MC) has “Neutral” rating given on Monday, December 21 by Buckingham Research. The rating was upgraded by Buckingham Research on Wednesday, January 13 to “Buy”. Bank of America maintained the stock with “Buy” rating in Tuesday, July 25 report. The firm earned “Neutral” rating on Thursday, August 4 by UBS. Morgan Stanley maintained Moelis & Company (NYSE:MC) rating on Tuesday, July 25. Morgan Stanley has “Overweight” rating and $45 target. On Monday, November 30 the stock rating was initiated by Sandler O’Neill with “Buy”. As per Wednesday, January 10, the company rating was maintained by Keefe Bruyette & Woods. The stock of Moelis & Company (NYSE:MC) earned “Buy” rating by UBS on Thursday, October 29.

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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