Accor SA – Sponsored ADR (OTCMKTS:ACCYY) Short Interest Down 90.8% in August

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,346 shares, a drop of 90.8% from the July 30th total of 14,683 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 27,685 shares, the short-interest ratio is currently 0.0 days.

Accor Trading Up 1.7%

ACCYY traded up $0.18 on Tuesday, hitting $10.97. 13,484 shares of the stock traded hands, compared to its average volume of 20,668. Accor has a 52 week low of $8.71 and a 52 week high of $12.05. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average price of $10.97 and a two-hundred day moving average price of $10.62.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Accor in a research note on Monday, August 3rd. Jefferies Financial Group lowered shares of Accor from an “underperform” rating to a “hold” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Accor currently has a consensus rating of “Moderate Buy”.

About Accor

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.