Aroundtown SA (OTCMKTS:AANNF) Brief Update on Interests
Aroundtown SA (OTCMKTS:AANNF – Get Rating) was the target of strong short-term interest growth in May. As of May 31, there was short interest totaling 2,572,000 shares, up 55.3% from the May 15 total of 1,656,600 shares. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is currently 504.3 days.
Shares of OTCMKTS AANNF opened at $4.16 on Tuesday. Aroundtown has a 1-year low of $4.16 and a 1-year high of $8.09. The company’s 50-day moving average is $5.07 and its 200-day moving average is $5.71.
A number of research companies have recently published reports on AANNF. JPMorgan Chase & Co. cut its price target on Aroundtown shares from €7.00 ($7.29) to €6.00 ($6.25) and set a “neutral” rating on the action in a report on Tuesday, April 26. Morgan Stanley lowered its price target on shares of Aroundtown from €5.50 ($5.73) to €5.00 ($5.21) in a Monday, March 28 report. One equity research analyst gave the stock a sell rating, two gave the company a hold rating and two gave the company a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.48.
Company Profile Around Town (Get a rating)
Aroundtown NV, together with its subsidiaries, operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium and abroad. It invests in commercial and residential real estate, such as offices, hotels, logistics, wholesale, retail and others. The company was previously known as Aroundtown Property Holdings PLC and changed its name to Aroundtown SA in September 2017.
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