Accor SA - Sponsored ADR (OTCMKTS:ACCYY) Short Interest Down 41.7% in September

Key Points

• Short interest in Accor SA decreased by 41.7% in September, with total short shares dropping from 3,600 to 2,100.
• The company saw its shares trading up 0.9%, opening at $9.84, amidst a current rating of "Hold" from analysts.
• Accor operates globally with three segments: Management & Franchise, Services to Owners, and Hotel Assets & Others.

Accor SA - Sponsored ADR (OTCMKTS:ACCYY - Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 2,100 shares, a decrease of 41.7% from the September 15th total of 3,600 shares. Based on an average trading volume of 69,900 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 69,900 shares, the days-to-cover ratio is currently 0.0 days.

Accor Trading Up 0.9%

Shares of ACCYY opened at $9.84 on Tuesday. The company's fifty day simple moving average is $9.78 and its 200-day simple moving average is $10.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.12 and a quick ratio of 1.11. Accor has a twelve month low of $7.86 and a twelve month high of $11.89.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Accor from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Accor presently has a consensus rating of "Hold".

Accor Company Profile

Accor SA operates a chain of hotels worldwide. It operates through three segments: Management & Franchise; Services to Owners; and Hotel Assets & Others. The company owns, operates, manages, and franchises hotels. It also provides digital services to independent hotel operators through D-edge platform; Gekko solutions for leisure and travel industry and large companies; and concierge and customized services through John Paul, as well as hotel booking services; and other services in events, fine dining, and entertainment through Paris Society and Potel & Chabot platforms.

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