Playa Hotels & Resorts N.V. (NASDAQ:PLYA) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 933,924 shares, an increase of 29.8% from the November 15th total of 719,277 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 194,706 shares, the short-interest ratio is presently 4.8 days.

PLYA has been the topic of several research analyst reports. Janney Montgomery Scott initiated coverage on shares of Playa Hotels & Resorts in a research note on Thursday, September 7th. They issued a “buy” rating and a $14.00 price objective on the stock. Zacks Investment Research downgraded shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Finally, Northland Securities restated a “buy” rating and issued a $14.75 price objective on shares of Playa Hotels & Resorts in a research note on Friday, November 10th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.54.

Shares of Playa Hotels & Resorts (NASDAQ PLYA) opened at $10.95 on Thursday. Playa Hotels & Resorts has a 52 week low of $9.81 and a 52 week high of $12.27. The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 1.44.

In related news, Director Daniel J. Hirsch purchased 30,000 shares of the stock in a transaction on Friday, November 10th. The shares were bought at an average price of $10.52 per share, for a total transaction of $315,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.74% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC boosted its stake in Playa Hotels & Resorts by 170.0% during the third quarter. Cubist Systematic Strategies LLC now owns 18,851 shares of the company’s stock worth $197,000 after buying an additional 11,870 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Playa Hotels & Resorts by 11.7% during the third quarter. Ameriprise Financial Inc. now owns 129,020 shares of the company’s stock worth $1,346,000 after buying an additional 13,500 shares in the last quarter. Jane Street Group LLC acquired a new stake in Playa Hotels & Resorts during the third quarter worth $145,000. Bluefin Trading LLC acquired a new stake in Playa Hotels & Resorts during the second quarter worth $168,000. Finally, Bank of New York Mellon Corp boosted its stake in Playa Hotels & Resorts by 7.7% during the second quarter. Bank of New York Mellon Corp now owns 203,435 shares of the company’s stock worth $2,431,000 after buying an additional 14,620 shares in the last quarter. Hedge funds and other institutional investors own 77.43% of the company’s stock.

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About Playa Hotels & Resorts

Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.

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