Accor SA (OTCMKTS:ACCYY) Short Interest Update

Accor SA (OTCMKTS:ACCYYGet Rating) saw a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 4,700 shares, a drop of 14.5% from the December 15th total of 5,500 shares. Based on an average daily trading volume, of 134,000 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Jefferies Financial Group lowered shares of Accor from a “hold” rating to an “underperform” rating in a research report on Sunday, December 11th. JPMorgan Chase & Co. raised their price objective on shares of Accor from €21.00 ($22.83) to €22.00 ($23.91) and gave the stock an “underweight” rating in a research note on Tuesday, December 13th. Societe Generale dropped their price objective on shares of Accor from €33.00 ($35.87) to €27.40 ($29.78) in a research note on Tuesday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Accor from €30.50 ($33.15) to €31.90 ($34.67) and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays raised shares of Accor from an “underweight” rating to an “equal weight” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Accor has an average rating of “Hold” and a consensus price target of $28.33.

Accor Price Performance

Accor stock opened at $6.24 on Friday. The company’s fifty day moving average price is $5.31 and its 200 day moving average price is $5.02. Accor has a 1 year low of $3.98 and a 1 year high of $7.87.

Accor Company Profile

(Get Rating)

Accor SA engages in the operation and investment in hotel properties. It operates through the following business segments: Hotel Services, Hotel Assets, and New Businesses. The Hotel Services segment corresponds to AccorHotels business as a hotel manager and franchisor. The Hotel Assets segment comprises the group’s owned and leased hotels.

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