Short Interest in MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) Rises By 47.8%

MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,355,207 shares, a growth of 47.8% from the July 30th total of 917,014 shares. Based on an average daily volume of 21 shares, the short-interest ratio is currently 64,533.7 days.

MERLIN Properties SOCIMI Trading Down 5.3%

MERLIN Properties SOCIMI stock traded down $0.84 during midday trading on Tuesday, hitting $14.89. 100 shares of the company’s stock were exchanged, compared to its average volume of 413. MERLIN Properties SOCIMI has a 12-month low of $13.60 and a 12-month high of $18.43. The firm’s 50 day simple moving average is $17.52 and its 200 day simple moving average is $17.30.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MRPRF shares. Barclays downgraded shares of MERLIN Properties SOCIMI from an “overweight” rating to a “reduce” rating in a research report on Monday, August 24th. Jefferies Financial Group lowered shares of MERLIN Properties SOCIMI to a “hold” rating in a research note on Sunday, August 2nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of MERLIN Properties SOCIMI in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

MERLIN Properties SOCIMI Company Profile

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.