MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) Sees Significant Growth in Short Interest

MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRFGet Free Report) was the target 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 daily trading volume, of 21 shares, the short-interest ratio is currently 64,533.7 days.

Analysts Set New Price Targets

MRPRF has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of MERLIN Properties SOCIMI in a report on Tuesday. Jefferies Financial Group cut 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 research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

View Our Latest Research Report on MRPRF

MERLIN Properties SOCIMI Price Performance

Shares of MRPRF opened at $14.89 on Wednesday. The company’s fifty day simple moving average is $17.46 and its 200-day simple moving average is $17.29. MERLIN Properties SOCIMI has a twelve month low of $13.60 and a twelve month high of $18.43.

About MERLIN Properties SOCIMI

(Get Free Report)

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.

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