Acciona, S.A. (OTCMKTS:ACXIF) Sees Large Decline in Short Interest

Acciona, S.A. (OTCMKTS:ACXIF – Get Rating) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 9,800 shares, a drop of 44.0% from the April 30th total of 17,500 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 98.0 days.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of Acciona from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, April 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $118.25.

Acciona Stock Performance

ACXIF opened at $177.50 on Friday. Acciona has a twelve month low of $157.90 and a twelve month high of $211.55. The company has a fifty day moving average of $188.90 and a 200-day moving average of $190.29.

About Acciona

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Acciona SA is a holding company, which engages in development and management of infrastructure and renewable energy. It operates through the following segments: Energy, Infrastructure, and Other Activities. The Energy segment includes industrial and commercial activities of the electricity business ranging from the construction of wind farms to the generation, distribution and retailing of various energy sources.