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

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 14,683 shares, a drop of 73.0% from the July 15th total of 54,450 shares. Based on an average trading volume of 49,164 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Accor Stock Down 0.2%

ACCYY stock opened at $10.70 on Thursday. Accor has a 1-year low of $8.71 and a 1-year high of $12.05. The business’s 50 day moving average is $10.97 and its 200-day moving average is $10.64. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.77.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ACCYY shares. Jefferies Financial Group lowered shares of Accor from an “underperform” rating to a “hold” rating in a research report on Thursday, June 25th. Citigroup reiterated a “buy” rating on shares of Accor in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About Accor

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.