Acciona SA (OTCMKTS:ACXIF) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 8,600 shares, an increase of 21.1% from the August 15th total of 7,100 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 86.0 days.
OTCMKTS ACXIF remained flat at $$119.50 during trading hours on Wednesday. The business’s 50 day simple moving average is $116.78 and its 200 day simple moving average is $106.17. Acciona has a 1-year low of $82.10 and a 1-year high of $139.75.
Separately, Citigroup upgraded Acciona from a “sell” rating to a “neutral” rating in a report on Friday, June 5th.
Acciona, SA engages in the development and management of infrastructure, renewable energy, water, and services in Spain and internationally. The company develops, constructs, operates, and maintains wind, solar photovoltaic, solar thermal, hydro, and biomass plants; operates a 9,000 megawatt project; develops energy projects with an installed capacity of approximately 2,000 megawatts for third parties; operates substations and transmission networks, as well as is involved in installation activities; markets electricity of renewable origin; and develops wind turbine-generators.
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