MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF – Get Rating) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 11,700 shares, a growth of 216.2% from the March 31st total of 3,700 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 117.0 days.
MRPRF stock opened at $11.07 on Friday. The firm’s fifty day simple moving average is $11.19 and its 200-day simple moving average is $11.21. MERLIN Properties SOCIMI has a 12 month low of $9.70 and a 12 month high of $12.49.
A number of research analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of MERLIN Properties SOCIMI from €11.00 ($11.83) to €12.00 ($12.90) in a research note on Thursday, March 3rd. Oddo Bhf upgraded shares of MERLIN Properties SOCIMI from a “neutral” rating to an “outperform” rating and set a €12.60 ($13.55) price target on the stock in a research note on Monday, April 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of MERLIN Properties SOCIMI from €11.25 ($12.10) to €12.75 ($13.71) and gave the company an “overweight” rating in a research note on Friday, February 25th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $12.31.
MERLIN Properties SOCIMI, SA, one of the main real estate companies listed on the Spanish Stock Exchange (IBEX-35), has as its main activity the acquisition and management of tertiary real estate assets in the Iberian Peninsula. The Company is a public limited company incorporated as a SOCIMI. The main activity of the Company is the acquisition, active management, operation and selective rotation of quality commercial real estate assets in the investment segment Core and Core Plus, mainly in Spain and, to a lesser extent, in Portugal.
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