Accor SA – Sponsored ADR (OTCMKTS:ACCYY) Short Interest Update

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 16,513 shares, a growth of 1,126.8% from the August 15th total of 1,346 shares. Based on an average trading volume of 29,202 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of Accor from an “underperform” rating to a “hold” rating in a research note on Thursday, June 25th. Citigroup reissued a “buy” rating on shares of Accor in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Accor presently has an average rating of “Buy”.

Accor Stock Down 1.7%

ACCYY stock traded down $0.19 during trading on Thursday, reaching $10.65. The stock had a trading volume of 55,937 shares, compared to its average volume of 67,147. Accor has a one year low of $8.71 and a one year high of $12.05. The company’s 50 day moving average is $10.86 and its two-hundred day moving average is $10.55. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.77.

About Accor

Accor is a France-based global hospitality group that operates, manages, franchises and licenses hotels, resorts and residences. The company serves a broad range of market segments, from luxury and premium accommodations to midscale and economy properties, and provides related services including food and beverage, meeting and event facilities, and hospitality management.

Accor’s portfolio includes internationally recognized brands such as Raffles, Fairmont, Sofitel, MGallery, Pullman, Swissôtel, Novotel, Mercure, ibis and ibis Styles, as well as lifestyle and extended-stay offerings.