MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) Short Interest Down 22.2% in January

MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) was the recipient of a significant decline in short interest in the month of 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 presently 3,365.9 days. Based on an average daily volume of 7 shares, the days-to-cover ratio is presently 3,365.9 days.

Analysts Set New Price Targets

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

MERLIN Properties SOCIMI Price Performance

MRPRF remained flat at $14.24 during midday trading on Friday. The stock has a fifty day moving average of $14.17 and a 200 day moving average of $14.62. MERLIN Properties SOCIMI has a 1-year low of $9.41 and a 1-year high of $16.00.

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.