Shortsellers Hound Spanish, UK Tourism And Travel Companies

Spain-based Melia Hotels International SA (MCE:MEL) (OTCMKTS:SMIZF) has experienced a flurry of short activity over the past month - shares out on loan rose from 5.5% at the end of 2013 to 9.1% in January 2014. Data from Novus Research shows that three new managers, including Citadel Investment Group, Arrowgrass Capital and D.E.Shaw Group, initiated shorts in the hotel and resorts manager, in January. Short interest has risen as the hotel chain is set to release its earnings statement on the 27th of this month.