Playa Hotels & Resorts (NASDAQ:PLYA) Short Interest Update

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 3,070,000 shares, a decrease of 27.8% from the January 15th total of 4,250,000 shares. Based on an average daily volume of 2,380,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 3.6% of the company's stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in Playa Hotels & Resorts by 5,003.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock valued at $41,000 after buying an additional 3,202 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Playa Hotels & Resorts by 86.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock valued at $119,000 after purchasing an additional 4,342 shares during the last quarter. Avidian Wealth Enterprises LLC bought a new stake in Playa Hotels & Resorts in the 4th quarter valued at about $126,000. Barclays PLC boosted its stake in Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company's stock valued at $165,000 after purchasing an additional 19,298 shares during the period. Finally, FMR LLC grew its position in Playa Hotels & Resorts by 59.5% in the 3rd quarter. FMR LLC now owns 26,041 shares of the company's stock worth $202,000 after purchasing an additional 9,713 shares during the last quarter. Institutional investors and hedge funds own 74.58% of the company's stock.

Playa Hotels & Resorts Stock Performance

PLYA stock traded down $0.03 during midday trading on Tuesday, reaching $13.32. The company had a trading volume of 1,595,406 shares, compared to its average volume of 3,799,136. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The stock has a 50 day moving average price of $12.18 and a 200 day moving average price of $9.75. The firm has a market capitalization of $1.62 billion, a PE ratio of 27.75, a P/E/G ratio of 1.83 and a beta of 1.54. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $13.38.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PLYA shares. Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Truist Financial reiterated a "hold" rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Oppenheimer lowered Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Finally, Macquarie downgraded shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Playa Hotels & Resorts has a consensus rating of "Hold" and a consensus target price of $12.10.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm's geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.