MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) Short Interest Update

MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 22,760 shares, a drop of 36.1% from the November 30th total of 35,623 shares. Based on an average daily volume of 1,601 shares, the days-to-cover ratio is currently 14.2 days. Based on an average daily volume of 1,601 shares, the days-to-cover ratio is currently 14.2 days.

Analysts Set New Price Targets

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

MERLIN Properties SOCIMI Price Performance

Shares of MRPRF stock opened at $14.35 on Friday. MERLIN Properties SOCIMI has a 12-month low of $9.41 and a 12-month high of $16.00. The stock’s 50-day moving average price is $14.70 and its 200-day moving average price is $14.33.

About MERLIN Properties SOCIMI

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.