Accor SA – Sponsored ADR (OTCMKTS:ACCYY) Sees Large Decrease in Short Interest

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 37,064 shares, a drop of 74.5% from the September 30th total of 145,254 shares. Based on an average trading volume of 150,804 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Accor Stock Performance

Shares of OTCMKTS:ACCYY opened at $10.33 on Thursday. The business has a 50-day moving average price of $10.51 and a 200-day moving average price of $10.61. Accor has a 52-week low of $8.71 and a 52-week high of $12.05.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “buy” rating on shares of Accor in a research report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Accor Company Profile

Accor is a global hospitality group that operates, manages and franchises hotels, resorts and other accommodation properties. Its portfolio spans economy, midscale, upscale and luxury segments, serving business and leisure travelers through a broad collection of hotel, resort and lifestyle brands.

The company’s brands include Raffles, Fairmont, Sofitel, MGallery, Novotel, Mercure, ibis, Pullman, Swissôtel, Mövenpick, Adagio and the Ennismore lifestyle portfolio. In addition to lodging, Accor’s activities include food and beverage, meetings and events, wellness, and other guest-focused hospitality services.

Accor traces its origins to 1967, when Paul Dubrule and Gérard Pélisson opened the first Novotel near Lille, France.