Short Interest in Accor SA (OTCMKTS:ACCYY) Drops By 80.5%

Accor SA (OTCMKTS:ACCYY) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 10,200 shares, a decline of 80.5% from the December 15th total of 52,200 shares. Based on an average trading volume of 172,400 shares, the short-interest ratio is currently 0.1 days.

Shares of Accor stock opened at $7.39 on Friday. Accor has a one year low of $5.65 and a one year high of $8.68. The firm has a fifty day moving average of $6.57 and a two-hundred day moving average of $6.90.

Several research analysts have commented on ACCYY shares. Redburn Partners upgraded shares of Accor to a “buy” rating in a report on Friday. Berenberg Bank upgraded shares of Accor from a “sell” rating to a “hold” rating in a report on Friday, November 12th. Societe Generale reiterated a “buy” rating on shares of Accor in a report on Monday, October 4th. UBS Group upgraded shares of Accor from a “neutral” rating to a “buy” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Accor in a report on Monday, September 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Accor has an average rating of “Hold”.

Accor Company Profile

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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