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

MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 23,561 shares, a decline of 22.2% from the December 31st total of 30,271 shares. Based on an average daily volume of 7 shares, the days-to-cover ratio is currently 3,365.9 days. Based on an average daily volume of 7 shares, the days-to-cover ratio is currently 3,365.9 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of MERLIN Properties SOCIMI in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

MERLIN Properties SOCIMI Stock Performance

OTCMKTS:MRPRF remained flat at $14.24 during trading hours on Friday. MERLIN Properties SOCIMI has a one year low of $9.41 and a one year high of $16.00. The company has a fifty day moving average price of $14.17 and a 200-day moving average price of $14.62.

About MERLIN Properties SOCIMI

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.