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

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

MERLIN Properties SOCIMI Price Performance

MERLIN Properties SOCIMI stock traded down $0.84 during midday trading on Tuesday, reaching $14.89. The company’s stock had a trading volume of 100 shares, compared to its average volume of 413. MERLIN Properties SOCIMI has a fifty-two week low of $13.60 and a fifty-two week high of $18.43. The stock’s 50 day simple moving average is $17.52 and its 200 day simple moving average is $17.30.

Analysts Set New Price Targets

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

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.