Short Interest in Aroundtown SA (OTCMKTS:AANNF) Drops By 24.4%

Aroundtown SA (OTCMKTS:AANNF) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 1,745,151 shares, a drop of 24.4% from the November 30th total of 2,309,374 shares. Based on an average daily volume of 7 shares, the short-interest ratio is currently 249,307.3 days. Based on an average daily volume of 7 shares, the short-interest ratio is currently 249,307.3 days.

Aroundtown Price Performance

OTCMKTS AANNF opened at $3.73 on Wednesday. Aroundtown has a twelve month low of $2.53 and a twelve month high of $3.92. The company’s 50-day simple moving average is $3.69 and its 200 day simple moving average is $3.63.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group lowered shares of Aroundtown from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aroundtown in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Aroundtown Company Profile

Aroundtown SA is a Luxembourg-based real estate investment and asset management company specializing in a diversified portfolio of office, residential, hotel and retail properties across Europe. The company focuses primarily on the German market, with assets in major economic centres such as Berlin, Frankfurt, Munich and Düsseldorf. By targeting high-quality properties in established business districts, Aroundtown aims to generate stable, long-term rental income and capital appreciation.

Founded in 2004, Aroundtown has grown through a combination of strategic acquisitions and development projects.