Accor SA – Sponsored ADR (OTCMKTS:ACCYY) Short Interest Up 79.5% in June

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 37,514 shares, an increase of 79.5% from the June 15th total of 20,900 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 30,676 shares, the days-to-cover ratio is presently 1.2 days.

Accor Stock Performance

Shares of OTCMKTS ACCYY opened at $10.97 on Friday. Accor has a 12-month low of $8.71 and a 12-month high of $12.05. The firm’s 50-day simple moving average is $10.87 and its 200 day simple moving average is $10.69. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.77.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group cut shares of Accor from an “underperform” rating to a “hold” rating in a report on Thursday, June 25th. Citigroup reiterated a “buy” rating on shares of Accor in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.