MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) Sees Large Decline in Short Interest

MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 23,561 shares, a decrease of 22.2% from the December 31st total of 30,271 shares. Based on an average daily volume of 7 shares, the days-to-cover ratio is currently 3,365.9 days. Based on an average daily volume of 7 shares, the days-to-cover ratio is currently 3,365.9 days.

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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

MERLIN Properties SOCIMI Price Performance

Shares of MERLIN Properties SOCIMI stock opened at $14.24 on Tuesday. The business has a 50 day simple moving average of $14.17 and a two-hundred day simple moving average of $14.64. MERLIN Properties SOCIMI has a 12 month low of $9.41 and a 12 month high of $16.00.

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.