Accor SA (OTCMKTS:ACCYY) Short Interest Up 277.4% in May

Accor SA (OTCMKTS:ACCYYGet Rating) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 200,400 shares, an increase of 277.4% from the April 30th total of 53,100 shares. Based on an average daily volume of 142,500 shares, the days-to-cover ratio is presently 1.4 days.

OTCMKTS ACCYY opened at $6.32 on Thursday. Accor has a 12 month low of $5.14 and a 12 month high of $8.67. The company’s 50 day moving average is $6.40 and its two-hundred day moving average is $6.64.

Several research analysts recently weighed in on ACCYY shares. Societe Generale cut their price target on shares of Accor from €37.08 ($39.45) to €35.50 ($37.77) and set a “buy” rating on the stock in a report on Friday, February 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Accor from €38.50 ($40.96) to €37.50 ($39.89) in a research report on Monday, March 28th. Kepler Capital Markets lowered shares of Accor from a “buy” rating to a “hold” rating and lowered their price objective for the stock from €37.00 ($39.36) to €32.00 ($34.04) in a research report on Monday, March 14th. Finally, Berenberg Bank raised shares of Accor from a “hold” rating to a “buy” rating in a research report on Wednesday, March 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, 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.

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