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

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 37,514 shares, an increase of 79.5% from the June 15th total of 20,900 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 30,676 shares, the days-to-cover ratio is presently 1.2 days.

Accor Price Performance

Shares of ACCYY opened at $10.97 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.77. Accor has a twelve month low of $8.71 and a twelve month high of $12.05. The company has a 50 day moving average of $10.87 and a 200-day moving average of $10.69.

Analyst Ratings Changes

ACCYY has been the subject of a number of recent analyst reports. Jefferies Financial Group cut shares of Accor from an “underperform” rating to a “hold” rating in a research report on Thursday, June 25th. Citigroup reissued a “buy” rating on shares of Accor in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock 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.