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

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

MERLIN Properties SOCIMI Stock Performance

MERLIN Properties SOCIMI stock opened at $14.89 on Thursday. MERLIN Properties SOCIMI has a 1 year low of $13.60 and a 1 year high of $18.43. The firm has a 50 day moving average price of $17.40 and a 200 day moving average price of $17.29.

Analysts Set New Price Targets

Several brokerages have issued reports on MRPRF. Morgan Stanley reaffirmed an “overweight” rating on shares of MERLIN Properties SOCIMI in a report on Tuesday. Jefferies Financial Group cut shares of MERLIN Properties SOCIMI to a “hold” rating in a research note on Sunday, August 2nd. Finally, Barclays downgraded MERLIN Properties SOCIMI from an “overweight” rating to a “reduce” rating in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, MERLIN Properties SOCIMI presently has a consensus 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.