Accor SA – Sponsored ADR (OTCMKTS:ACCYY – Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 145,254 shares, an increase of 688.1% from the September 15th total of 18,431 shares. Based on an average trading volume of 146,226 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the company’s stock are sold short.
Analysts Set New Price Targets
Several equities research analysts have recently commented on ACCYY shares. Jefferies Financial Group lowered shares of Accor from an “underperform” rating to a “hold” rating in a report on Thursday, June 25th. Citigroup reiterated a “buy” rating on shares of Accor in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Accor has an average rating of “Buy”.
Read Our Latest Stock Report on ACCYY
Accor Stock Performance
About Accor
Accor (OTCMKTS:ACCYY) is a France-based hospitality company that operates, manages and franchises hotels, resorts and other accommodation businesses worldwide. Its portfolio spans luxury, premium, midscale and economy properties serving business and leisure travelers, along with related hospitality and guest services.
The company’s brands include Raffles, Fairmont, Sofitel, MGallery, Pullman, Swissôtel, Mövenpick, Novotel, Mercure and ibis. Accor also operates hospitality-related businesses such as extended-stay accommodations, vacation rentals, branded residences and loyalty services through its ALL – Accor Live Limitless platform.
Accor was founded in 1967 by Paul Dubrule and Gérard Pélisson, initially developing the Novotel concept in France.
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