Playa Hotels & Resorts (NASDAQ:PLYA) Short Interest Up 26.8% in December

Playa Hotels & Resorts (NASDAQ:PLYA) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 5,590,000 shares, a growth of 26.8% from the November 30th total of 4,410,000 shares. Currently, 6.6% of the shares of the stock are short sold. Based on an average trading volume of 1,130,000 shares, the short-interest ratio is currently 4.9 days.

Analyst Ratings Changes

PLYA has been the topic of several research analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, December 24th. Oppenheimer increased their price target on Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Playa Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Playa Hotels & Resorts Trading Up 2.3 %

NASDAQ:PLYA traded up $0.28 during mid-day trading on Tuesday, hitting $12.65. 1,124,693 shares of the company’s stock were exchanged, compared to its average volume of 802,062. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $12.72. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $1.54 billion, a P/E ratio of 26.35, a PEG ratio of 1.52 and a beta of 1.64. The company has a 50 day simple moving average of $9.84 and a 200-day simple moving average of $8.66.

Hedge Funds Weigh In On Playa Hotels & Resorts

Hedge funds have recently modified their holdings of the business. Quarry LP lifted its holdings in Playa Hotels & Resorts by 141.3% during the 2nd quarter. Quarry LP now owns 8,686 shares of the company’s stock worth $73,000 after buying an additional 5,087 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Playa Hotels & Resorts during the second quarter worth about $88,000. Marshall Wace LLP acquired a new position in shares of Playa Hotels & Resorts in the second quarter worth approximately $102,000. AdvisorShares Investments LLC bought a new stake in Playa Hotels & Resorts in the second quarter valued at approximately $105,000. Finally, Barclays PLC boosted its stake in shares of Playa Hotels & Resorts by 993.7% in 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 last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.