Accor SA – Sponsored ADR (OTCMKTS:ACCYY) Stock Short Interest Drops 74.5%

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 37,064 shares, a drop of 74.5% from the September 30th total of 145,254 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 150,804 shares, the short-interest ratio is presently 0.2 days.

Accor Stock Up 2.3%

Shares of OTCMKTS ACCYY opened at $10.57 on Friday. The firm’s 50-day moving average price is $10.50 and its 200-day moving average price is $10.61. Accor has a 52-week low of $8.71 and a 52-week high of $12.05.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “buy” rating on shares of Accor in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

About Accor

Accor is a global hospitality group that operates, manages and franchises hotels, resorts and other accommodation properties. Its portfolio spans economy, midscale, upscale and luxury segments, serving business and leisure travelers through a broad collection of hotel, resort and lifestyle brands.

The company’s brands include Raffles, Fairmont, Sofitel, MGallery, Novotel, Mercure, ibis, Pullman, Swissôtel, Mövenpick, Adagio and the Ennismore lifestyle portfolio. In addition to lodging, Accor’s activities include food and beverage, meetings and events, wellness, and other guest-focused hospitality services.

Accor traces its origins to 1967, when Paul Dubrule and Gérard Pélisson opened the first Novotel near Lille, France.