Mackinac Financial (MFNC) Forms $16.12 Double Top; Domtar (UFS) Shorts Raised By 33.39%

Mackinac Financial Corporation (MFNC) formed double top with $16.93 target or 5.00% above today’s $16.12 share price. Mackinac Financial Corporation (MFNC) has $101.47M valuation. The stock increased 0.45% or $0.07 during the last trading session, reaching $16.12. About 13,733 shares traded or 132.53% up from the average. Mackinac Financial Corporation (NASDAQ:MFNC) has risen 31.57% since February 19, 2017 and is uptrending. It has outperformed by 14.87% the S&P500.

Domtar Corporation (NYSE:UFS) had an increase of 33.39% in short interest. UFS’s SI was 3.63M shares in February as released by FINRA. Its up 33.39% from 2.72 million shares previously. With 528,700 avg volume, 7 days are for Domtar Corporation (NYSE:UFS)’s short sellers to cover UFS’s short positions. The stock increased 0.27% or $0.12 during the last trading session, reaching $44.04. About 516,597 shares traded. Domtar Corporation (NYSE:UFS) has declined 0.68% since February 19, 2017 and is downtrending. It has underperformed by 17.38% the S&P500.

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.63, from 1.8 in 2017Q2. It dived, as 3 investors sold Mackinac Financial Corporation shares while 3 reduced holdings. 1 funds opened positions while 6 raised stakes. 1.79 million shares or 2.57% more from 1.74 million shares in 2017Q2 were reported. Dimensional Fund Lp owns 348,295 shares. 16,450 were reported by Naples Glob Advsrs Limited Liability Corp. Gendell Jeffrey L holds 0.14% or 109,566 shares. Moreover, Bank Of America Corporation De has 0% invested in Mackinac Financial Corporation (NASDAQ:MFNC) for 1,049 shares. Alpine Woods Capital Ltd Llc, a New York-based fund reported 14,000 shares. Blackrock Incorporated reported 1,623 shares. Royal Comml Bank Of Canada invested 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC). 130 are owned by Morgan Stanley. Lsv Asset Mgmt holds 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC) for 12,100 shares. Fifth Third Bank reported 0% stake. Raffles Associate Lp holds 86,583 shares or 1.23% of its portfolio. Banc Funds Ltd Liability Corporation holds 0.16% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC) for 226,307 shares. Bridgeway Capital Management reported 29,200 shares or 0.01% of all its holdings. Wellington Management Gru Ltd Liability Partnership stated it has 142,503 shares or 0% of all its holdings. 140,964 are owned by Kennedy Capital Mgmt Incorporated.

Among 15 analysts covering Domtar Corp. (NYSE:UFS), 5 have Buy rating, 3 Sell and 7 Hold. Therefore 33% are positive. Domtar Corp. had 43 analyst reports since October 15, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Tuesday, September 12 by KeyBanc Capital Markets. The stock has “Hold” rating by Scotia Capital on Thursday, February 8. The company was maintained on Tuesday, August 2 by Citigroup. On Friday, January 12 the stock rating was downgraded by RBC Capital Markets to “Hold”. The rating was maintained by BMO Capital Markets with “Hold” on Friday, September 8. The rating was downgraded by Citigroup on Thursday, October 5 to “Sell”. BMO Capital Markets maintained Domtar Corporation (NYSE:UFS) on Wednesday, June 28 with “Hold” rating. As per Thursday, October 19, the company rating was maintained by RBC Capital Markets. The stock of Domtar Corporation (NYSE:UFS) earned “Underperform” rating by DA Davidson on Friday, July 8. Macquarie Research upgraded Domtar Corporation (NYSE:UFS) on Tuesday, November 10 to “Outperform” rating.

Domtar Corporation designs, manufactures, markets, and distributes communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. The company has market cap of $2.76 billion. It operates in two divisions, Pulp and Paper, and Personal Care. It currently has negative earnings. The firm provides business papers, including copy and electronic imaging papers that are used with ink jet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.