Wall Street Scares Away Shorts With Bullish View On Marriott

Marriott International Inc MAR short interest has declined by 28 percent, with the percent of float short currently at 5.74 percent. The company is expected to report Q3 earnings on Monday after the close.

Late September, Marriott experienced a slew of upgrades and bullish initiations:

• Goldman Sachs initiated coverage at Buy with a Price target of $81.
• Morgan Stanley upgraded the stock to Overweight.
• The Vetr community Upgraded the stock to a Strong Buy.

The hotel and leisure chain is expecting to report EPS at $0.89 on revenue of $4.18 billion.

Marriot beat EPS estimates by around 5 percent in Q1 and Q2, slightly beating revenue estimates. In last year’s Q3 report, Marriott beat EPS estimates by 4 percent, missing on revenue by nearly 2 percent.