MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) Short Interest Up 149.4% in March

MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 44,990 shares, an increase of 149.4% from the March 15th total of 18,037 shares. Based on an average daily volume of 240 shares, the days-to-cover ratio is currently 187.5 days.

MERLIN Properties SOCIMI Price Performance

OTCMKTS:MRPRF opened at $16.06 on Tuesday. MERLIN Properties SOCIMI has a fifty-two week low of $9.41 and a fifty-two week high of $17.94. The firm’s fifty day simple moving average is $15.98 and its 200-day simple moving average is $15.16.

MERLIN Properties SOCIMI Company Profile

Merlin Properties Socimi, SA is a Spanish real estate investment trust (SOCIMI) headquartered in Madrid. The company specializes in the acquisition, development and management of commercial real estate assets, including office, retail, logistics and residential properties. Merlin’s operations encompass strategic asset repositioning, leasing and day-to-day property management to enhance portfolio performance and tenant satisfaction.

Founded in April 2014 through the spin-off of Metrovacesa’s portfolio, Merlin Properties has pursued growth via disciplined investments and selective mergers, most notably its 2017 combination with Hispania Activos Inmobiliarios.