Meliá Hotels International, SA (OTCMKTS:SMIZF) Short Interest Update

Melia Hotels International logoMeliá 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 decreased their price target on Meliá Hotels International from €8.50 ($8.67) to €8.10 ($8.27) and set a “buy” rating for the company in a research report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.45.

Melia Hotels International Price Performance

Shares of OTCMKTS SMIZF opened at $6.30 on Friday. The stock has a fifty day simple moving average of $6.65 and a two-hundred day simple moving average of $7.22. Meliá Hotels International has a 1-year low of $5.66 and a 1-year high of $8.37.

Melia Hotels International Company Profile

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Meliá Hotels International, SA owns, manages, operates, leases, and franchises hotels worldwide. The company operates approximately 380 hotels under the Gran Meliá Hotels & Resorts, Paradisus by Meliá, ME by Meliá, Meliá Hotels & Resorts, INNSIDE by Meliá, Sol by Meliá, TRYP by Wyndham, and Circle by Melia brand names, as well as Meliá PRO, a platform for B2B clients.

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