Marks and Spencer Group plc (OTCMKTS:MAKSY) Short Interest Update

by · The Markets Daily

Marks and Spencer Group plc (OTCMKTS:MAKSY – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 7,700 shares, an increase of 185.2% from the October 15th total of 2,700 shares. Based on an average trading volume of 44,400 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group upgraded shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 23rd. Barclays raised shares of Marks and Spencer Group to a “strong-buy” rating in a research note on Monday, September 16th.

Get Our Latest Research Report on MAKSY

Marks and Spencer Group Stock Performance

Shares of MAKSY traded down $0.02 during midday trading on Friday, hitting $9.36. The stock had a trading volume of 20,148 shares, compared to its average volume of 23,528. The business has a 50-day simple moving average of $9.92 and a two-hundred day simple moving average of $8.53. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.55 and a current ratio of 0.86. Marks and Spencer Group has a fifty-two week low of $5.73 and a fifty-two week high of $10.69.

Marks and Spencer Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.0258 per share. The ex-dividend date of this dividend is Friday, November 29th.

About Marks and Spencer Group

(Get Free Report)

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.

Featured Articles