Is Buying MELIA HOTELS INTERNATIONAL SA ORDINARY S (OTCMKTS:SMIZF), Having Higher Short Interest a Winning Strategy?

Meliá Hotels International, S.A. (OTCMKTS:SMIZF) Logo

The stock of MELIA HOTELS INTERNATIONAL SA ORDINARY S (OTCMKTS:SMIZF) registered an increase of 178.06% in short interest. SMIZF’s total short interest was 43,100 shares in April as published by FINRA. Its up 178.06% from 15,500 shares, reported previously. With 600 shares average volume, it will take short sellers 72 days to cover their SMIZF’s short positions.

The stock decreased 0.15% or $0.02 during the last trading session, reaching $9.7. About 550 shares traded. Meliá Hotels International, S.A. (OTCMKTS:SMIZF) has 0.00% since April 17, 2018 and is . It has underperformed by 4.37% the S&P500.

Meliá Hotels International, S.A. owns, manages, operates, leases, and franchises hotels worldwide. The company has market cap of $2.30 billion. The firm operates approximately 370 hotels in 43 countries under the Gran Meliá Hotels & Resorts, Paradisus Resorts, ME by Meliá, Meliá Hotels & Resorts, Innside by Meliá, Sol Hotels & Resorts, and TRYP by Wyndham brand names. It has a 13.64 P/E ratio. It also operates Club Meliá vacation club; develops and operates real estate properties; and engages in casinos, golf, and tour operations.

Another recent and important Meliá Hotels International, S.A. (OTCMKTS:SMIZF) news was published by which published an article titled: “Horos Asset Management Annual Letter To Our Co-Investors January 2019 – Seeking Alpha” on February 07, 2019.

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