Short Interest in Accor SA – Sponsored ADR (OTCMKTS:ACCYY) Rises By 1,126.8%

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 16,513 shares, an increase of 1,126.8% from the August 15th total of 1,346 shares. Based on an average daily volume of 29,202 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

Accor Price Performance

Shares of OTCMKTS ACCYY traded down $0.19 during midday trading on Thursday, hitting $10.65. 55,937 shares of the company traded hands, compared to its average volume of 67,147. Accor has a 12-month low of $8.71 and a 12-month high of $12.05. The stock has a 50-day moving average price of $10.86 and a 200 day moving average price of $10.55. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.05 and a quick ratio of 1.04.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ACCYY. Jefferies Financial Group lowered Accor from an “underperform” rating to a “hold” rating in a report on Thursday, June 25th. Citigroup reissued a “buy” rating on shares of Accor in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Accor has an average rating of “Buy”.

Accor Company Profile

Accor is a France-based global hospitality group that operates, manages, franchises and licenses hotels, resorts and residences. The company serves a broad range of market segments, from luxury and premium accommodations to midscale and economy properties, and provides related services including food and beverage, meeting and event facilities, and hospitality management.

Accor’s portfolio includes internationally recognized brands such as Raffles, Fairmont, Sofitel, MGallery, Pullman, Swissôtel, Novotel, Mercure, ibis and ibis Styles, as well as lifestyle and extended-stay offerings.