Marks and Spencer Group PLC (OTCMKTS:MAKSY) Sees Large Decrease in Short Interest

Key Points

• Short interest plunged 36.6% — short interest fell to 39,702 shares as of March 31 from 62,639 on March 15, yielding a short‑interest ratio of 0.2 days based on average daily volume and effectively 0.0% of shares reported sold short.
• MAKSY traded at $9.71 (down $0.02) with 14,870 shares exchanged versus an average volume of 123,551; the stock's 52‑week range is $8.40–$11.51 and its 50‑day/200‑day moving averages are $10.06 and $9.77 respectively.
• Analyst sentiment improving — Berenberg upgraded Marks & Spencer from “hold” to “buy,” and the four‑analyst consensus is an average rating of “Moderate Buy” (1 Strong Buy, 1 Buy, 2 Hold).

Marks and Spencer Group PLC (OTCMKTS:MAKSY - Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 39,702 shares, a decline of 36.6% from the March 15th total of 62,639 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 195,095 shares, the short-interest ratio is currently 0.2 days.

Marks and Spencer Group Stock Down 0.2%

MAKSY stock traded down $0.02 during trading on Tuesday, reaching $9.71. 14,870 shares of the company were exchanged, compared to its average volume of 123,551. Marks and Spencer Group has a 52-week low of $8.40 and a 52-week high of $11.51. The stock's 50 day moving average price is $10.06 and its 200 day moving average price is $9.77. The company has a quick ratio of 0.46, a current ratio of 0.81 and a debt-to-equity ratio of 1.01.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of Marks and Spencer Group from a "hold" rating to a "buy" rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Marks and Spencer Group presently has an average rating of "Moderate Buy".

About Marks and Spencer Group

Marks and Spencer Group plc OTCMKTS: MAKSY, commonly known as M&S, is a leading British retailer operating a network of full-line stores, food halls and online channels. The company's retail portfolio spans clothing and home products as well as premium grocery offerings. M&S is recognized for its emphasis on quality, innovation and ethical sourcing across its range of private-label apparel, homeware and prepared foods.

In the apparel and home division, M&S designs and markets women's, men's and children's fashion under core brands such as Autograph, Per Una and Collection, alongside its own bedding, kitchenware and furnishings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.