Short Interest in Accor SA – Sponsored ADR (OTCMKTS:ACCYY) Decreases By 90.8%

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 1,346 shares, a drop of 90.8% from the July 30th total of 14,683 shares. Based on an average trading volume of 27,685 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Accor Stock Up 1.7%

Shares of OTCMKTS:ACCYY traded up $0.18 during midday trading on Tuesday, hitting $10.97. The company’s stock had a trading volume of 13,484 shares, compared to its average volume of 20,668. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.77. The stock’s 50 day simple moving average is $10.97 and its 200 day simple moving average is $10.62. Accor has a fifty-two week low of $8.71 and a fifty-two week high of $12.05.

Wall Street Analyst Weigh In

ACCYY has been the subject of a number of recent analyst reports. Jefferies Financial Group cut Accor from an “underperform” rating to a “hold” rating in a research report on Thursday, June 25th. Citigroup restated a “buy” rating on shares of Accor in a research note on Monday, August 3rd. One equities 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. Based on data from MarketBeat.com, Accor presently has an average 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.