Accor SA – Sponsored ADR (OTCMKTS:ACCYY) Shares Shorted: Short Interest Up 688.1% in September

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 145,254 shares, an increase of 688.1% from the September 15th total of 18,431 shares. Based on an average daily trading volume, of 146,226 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the company’s stock are short sold.

Accor Price Performance

Shares of ACCYY stock opened at $10.25 on Friday. Accor has a fifty-two week low of $8.71 and a fifty-two week high of $12.05. The stock’s 50-day simple moving average is $10.63 and its 200-day simple moving average is $10.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ACCYY shares. Jefferies Financial Group lowered Accor from an “underperform” rating to a “hold” rating in a research note on Thursday, June 25th. Citigroup reaffirmed a “buy” rating on shares of Accor in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Accor Company Profile

Accor (OTCMKTS:ACCYY) is a France-based hospitality company that operates, manages and franchises hotels, resorts and other accommodation businesses worldwide. Its portfolio spans luxury, premium, midscale and economy properties serving business and leisure travelers, along with related hospitality and guest services.

The company’s brands include Raffles, Fairmont, Sofitel, MGallery, Pullman, Swissôtel, Mövenpick, Novotel, Mercure and ibis. Accor also operates hospitality-related businesses such as extended-stay accommodations, vacation rentals, branded residences and loyalty services through its ALL – Accor Live Limitless platform.

Accor was founded in 1967 by Paul Dubrule and Gérard Pélisson, initially developing the Novotel concept in France.