Time to Reconsider Belmond LTD. Class A (NYSE:BEL) After More Short Sellers?

May 17, 2018 - By Robert Crowder

Belmond Ltd. (NYSE:BEL) Logo

The stock of Belmond LTD. Class A (NYSE:BEL) registered an increase of 1.69% in short interest. BEL’s total short interest was 2.95 million shares in May as published by FINRA. Its up 1.69% from 2.90 million shares, reported previously. With 293,600 shares average volume, it will take short sellers 10 days to cover their BEL’s short positions. The short interest to Belmond LTD. Class A’s float is 3.53%.

The stock increased 0.86% or $0.1 during the last trading session, reaching $11.75. About 325,325 shares traded. Belmond Ltd. (NYSE:BEL) has declined 6.22% since May 17, 2017 and is downtrending. It has underperformed by 17.77% the S&P500.

Belmond Ltd. engages in the hotel and travel businesses. The company has market cap of $1.21 billion. As of December 31, 2016, the firm owned, invested in, or managed 34 deluxe hotels and resorts in the United States, Mexico, Caribbean, Europe, Southern Africa, South America, and Southeast Asia; 1 stand-alone restaurant in New York; 7 tourist trains in Europe, Southeast Asia, and Peru; 2 river cruises in Myanmar; and 1 canal boat business in France. It currently has negative earnings. The Company’s portfolio of hotels includes 3,272 individual guest rooms and multiple-room suites.

More news for Belmond Ltd. (NYSE:BEL) were recently published by: Seekingalpha.com, which released: “Belmond’s (BEL) CEO Roeland Vos on Q1 2018 Results – Earnings Call Transcript” on May 13, 2018. Finance.Yahoo.com‘s article titled: “Is It The Right Time To Buy Belmond Ltd (NYSE:BEL)?” and published on May 10, 2018 is yet another important article.

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