Short Interest in Accor SA – Sponsored ADR (OTCMKTS:ACCYY) Drops By 34.4%

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 38,357 shares, a drop of 34.4% from the April 15th total of 58,513 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 98,174 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

ACCYY has been the topic of a number of recent analyst reports. Barclays restated an “overweight” rating on shares of Accor in a report on Monday, February 23rd. Morgan Stanley restated an “overweight” rating on shares of Accor in a report on Wednesday, February 25th. Kepler Capital Markets upgraded Accor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. Finally, Citigroup restated a “buy” rating on shares of Accor in a report on Monday, May 11th. 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Accor Stock Performance

OTCMKTS ACCYY opened at $10.05 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.77. The stock’s 50-day moving average is $9.92 and its 200-day moving average is $10.64. Accor has a one year low of $8.71 and a one year high of $12.05.

Accor Company Profile

Accor is a leading global hospitality group headquartered in Issy-les-Moulineaux, France, with operations spanning more than 100 countries across Europe, the Americas, Asia-Pacific, the Middle East and Africa. Founded in 1967 by Paul Dubrule and Gérard Pélisson, the company has grown from a single motel in Lille into one of the world’s largest hotel operators and owners, offering accommodation and hospitality services to both leisure and business travelers.

The company’s extensive brand portfolio covers a wide spectrum of market segments, ranging from luxury and premium offerings to midscale and economy hotels.