Meliá Hotels International, SA (OTCMKTS:SMIZF – Get Rating) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 5,400 shares, a drop of 37.9% from the July 15th total of 8,700 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 54.0 days.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on SMIZF shares. UBS Group increased their price target on Meliá Hotels International from €8.30 ($8.47) to €8.80 ($8.98) in a research report on Tuesday, June 7th. Deutsche Bank Aktiengesellschaft
