Short Interest in MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) Grows By 33.0%

MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 30,271 shares, an increase of 33.0% from the December 15th total of 22,760 shares. Based on an average daily volume of 47 shares, the days-to-cover ratio is currently 644.1 days. Based on an average daily volume of 47 shares, the days-to-cover ratio is currently 644.1 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of MERLIN Properties SOCIMI in a research report on Monday, December 1st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, MERLIN Properties SOCIMI currently has a consensus rating of “Buy”.

MERLIN Properties SOCIMI Price Performance

Shares of OTCMKTS:MRPRF traded up $0.22 on Friday, reaching $14.57. The company’s stock had a trading volume of 1,460 shares, compared to its average volume of 1,595. MERLIN Properties SOCIMI has a 52-week low of $9.41 and a 52-week high of $16.00. The stock’s 50-day moving average is $14.33 and its two-hundred day moving average is $14.50.

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.