Meliá Hotels International, S.A. (OTCMKTS:SMIZF) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 373,600 shares, a decrease of 19.9% from the September 15th total of 466,400 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 467.0 days.
A number of brokerages recently weighed in on SMIZF. Deutsche Bank Aktiengesellschaft lowered Meliá Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday. Jefferies Financial Group started coverage on Meliá Hotels International in a report on Wednesday, June 24th. They set a “hold” rating on the stock.
SMIZF remained flat at $$3.67 during trading on Friday. 20 shares of the company’s stock were exchanged, compared to its average volume of 3,646. Meliá Hotels International has a 52-week low of $3.12 and a 52-week high of $9.29. The stock has a 50 day moving average price of $3.84 and a two-hundred day moving average price of $4.31.
About Meliá Hotels International
MeliÃ¡ Hotels International, SA owns, manages, operates, leases, and franchises hotels worldwide. The company operates approximately 388 business units in 40 countries, as well as one hundred thousand rooms under the Gran MeliÃ¡, Paradisus Resorts, ME by MeliÃ¡, MeliÃ¡ Hotels & Resorts, INNSIDE by MeliÃ¡, Sol by MeliÃ¡, TRYP by Wyndham, and circle by Melia brand names.
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