Short Interest in Accor SA (OTCMKTS:ACCYY) Declines By 47.1%

Accor SA (OTCMKTS:ACCYYGet Rating) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 52,800 shares, a drop of 47.1% from the March 31st total of 99,800 shares. Based on an average trading volume of 371,200 shares, the days-to-cover ratio is presently 0.1 days.

Accor stock opened at $6.64 on Friday. Accor has a fifty-two week low of $5.14 and a fifty-two week high of $8.67. The company’s 50 day simple moving average is $6.36 and its 200 day simple moving average is $6.74.

Several equities research analysts have recently commented on ACCYY shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Accor from €38.50 ($41.40) to €37.50 ($40.32) in a research report on Monday, March 28th. Berenberg Bank upgraded shares of Accor from a “hold” rating to a “buy” rating in a research report on Wednesday, March 9th. Societe Generale lowered their price target on shares of Accor from €37.08 ($39.87) to €35.50 ($38.17) and set a “buy” rating for the company in a research report on Friday, February 25th. Redburn Partners upgraded shares of Accor to a “buy” rating in a research report on Friday, January 14th. Finally, Kepler Capital Markets lowered shares of Accor from a “buy” rating to a “hold” rating and reduced their price objective for the stock from €37.00 ($39.78) to €32.00 ($34.41) in a research note on Monday, March 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Accor presently has a consensus rating of “Hold” and a consensus price target of $34.25.

Accor Company Profile (Get Rating)

Accor SA operates a chain of hotels. It operates through two segments, HotelServices, and Hotel Assets & Other. The company owns, operates, manages, and franchises hotels. It also provides digital services to independent hotel operators through D-edge platform; ResDiary, a flat-rate online table reservation system that is designed for restaurant owners; Gekko solutions, including digital hotel distribution and loyalty platforms for the travel industry and large companies; and concierge and customized services through John Paul, as well as hotel booking services; and other services in events, fine dining, and entertainment through Paris Society and Potel & Chabot platforms.

Further Reading

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