B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) Short Interest Down 37.1% in August

Key Points

• B&M European Value Retail saw a significant decrease in short interest by 37.1% in August, dropping from 3,500 shares to 2,200 shares as of August 15.
• Barclays has upgraded B&M shares to a "strong-buy" rating, contributing to an overall average rating of "Buy" from analysts.
• The company recently declared a dividend of $0.3973 per share, resulting in an impressive yield of 806.0%.

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY - Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totaling 2,200 shares, a decrease of 37.1% from the July 31st total of 3,500 shares. Based on an average daily volume of 24,700 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 24,700 shares, the short-interest ratio is currently 0.1 days.

B&M European Value Retail Trading Up 1.9%

Shares of BMRRY stock traded up $0.25 during trading hours on Thursday, hitting $13.10. 2,239 shares of the company were exchanged, compared to its average volume of 53,318. B&M European Value Retail has a one year low of $11.46 and a one year high of $22.82. The business's 50-day simple moving average is $12.77 and its two-hundred day simple moving average is $14.64. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.46 and a current ratio of 1.35.

B&M European Value Retail Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.3973 per share. This represents a yield of 806.0%. The ex-dividend date of this dividend was Friday, June 27th.

Analysts Set New Price Targets

Separately, Barclays upgraded B&M European Value Retail to a "strong-buy" rating in a report on Thursday, May 29th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, B&M European Value Retail has a consensus rating of "Buy".

About B&M European Value Retail

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.