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

MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 23,561 shares, a decrease 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 reiterated 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 data from MarketBeat.com, the stock has an average rating of “Buy”.

MERLIN Properties SOCIMI Stock Performance

Shares of MRPRF opened at $14.24 on Monday. The company’s fifty day simple moving average is $14.17 and its 200 day simple moving average is $14.63. 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.