Could Park Hotels & Resorts Inc (NYSE:PK) Skyrocket? The Stock Has Too Many Sellers

August 9, 2018 - By Jack Shaw

The stock of Park Hotels & Resorts Inc (NYSE:PK) registered an increase of 26.47% in short interest. PK’s total short interest was 8.76 million shares in August as published by FINRA. Its up 26.47% from 6.92M shares, reported previously. With 1.55 million shares average volume, it will take short sellers 6 days to cover their PK’s short positions. The short interest to Park Hotels & Resorts Inc’s float is 5.45%.

The stock decreased 0.30% or $0.095 during the last trading session, reaching $31.595. About 368,485 shares traded. Park Hotels & Resorts Inc. (NYSE:PK) has risen 23.20% since August 9, 2017 and is uptrending. It has outperformed by 10.63% the S&P500.

Park Hotels & Resorts Inc. operates as a lodging real estate company. The company has market cap of $6.36 billion. The firm owns a portfolio of hotels and resorts in the United States and internationally. It has a 12.74 P/E ratio. The Company’s portfolio consists of 67 branded hotels and resorts with approximately 35,000 rooms.

Another recent and important Park Hotels & Resorts Inc. (NYSE:PK) news was published by Globenewswire.com which published an article titled: “Recent Analysis Shows NIC, CarGurus, Coeur Mining, ONEOK, Wayfair, and Park Hotels & Resorts Market Influences …” on August 09, 2018.

Park Hotels & Resorts Inc. (NYSE:PK) Ratings Chart

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