Short Interest in MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) Rises By 33.0%

MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 30,271 shares, an increase of 33.0% from the December 15th total of 22,760 shares. Based on an average daily volume of 47 shares, the days-to-cover ratio is currently 644.1 days. Based on an average daily volume of 47 shares, the days-to-cover ratio is currently 644.1 days.

MERLIN Properties SOCIMI Stock Performance

OTCMKTS MRPRF opened at $14.57 on Friday. MERLIN Properties SOCIMI has a 1 year low of $9.41 and a 1 year high of $16.00. The stock’s 50-day moving average price is $14.33 and its two-hundred day moving average price is $14.51.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of MERLIN Properties SOCIMI in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

About MERLIN Properties SOCIMI

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.