Short Interest in Marks and Spencer Group plc (OTCMKTS:MAKSY) Expands By 1,668.2%

Marks and Spencer Group plc (OTCMKTS:MAKSY - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 38,900 shares, an increase of 1,668.2% from the April 30th total of 2,200 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 109,000 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Peel Hunt downgraded Marks and Spencer Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 21st.

Marks and Spencer Group Stock Performance

Shares of Marks and Spencer Group stock traded up $0.04 during trading hours on Friday, reaching $10.37. 46,882 shares of the stock traded hands, compared to its average volume of 82,313. The company has a 50 day moving average price of $10.13 and a 200 day moving average price of $9.53. Marks and Spencer Group has a one year low of $7.20 and a one year high of $11.51. The company has a current ratio of 0.82, a quick ratio of 0.45 and a debt-to-equity ratio of 0.84.

Marks and Spencer Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.0698 per share. This is an increase from Marks and Spencer Group's previous dividend of $0.03. This represents a dividend yield of 0.91%. The ex-dividend date is Monday, June 2nd.

Marks and Spencer Group Company Profile

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.