Short Interest in Marks and Spencer Group PLC (OTCMKTS:MAKSY) Decreases By 46.1%

Key Points

• Short interest in Marks and Spencer Group PLC fell by 46.1% in August, with total short shares decreasing from 66,600 to 35,900.
• Analysts have mixed ratings on MAKSY, with Citigroup upgrading it to a "strong-buy" while Peel Hunt downgraded it to a "hold"; overall, it holds an average rating of "Strong Buy."
• The company's stock performance shows a current price of $9.14, with a 52-week low of $7.99 and a high of $11.51.

Marks and Spencer Group PLC (OTCMKTS:MAKSY - Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 35,900 shares, a drop of 46.1% from the August 15th total of 66,600 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 90,600 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 90,600 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Citigroup raised shares of Marks and Spencer Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Marks and Spencer Group Trading Down 2.1%

Shares of MAKSY stock traded down $0.21 on Friday, hitting $9.55. 35,524 shares of the stock traded hands, compared to its average volume of 117,110. The firm's 50-day moving average price is $9.29 and its two-hundred day moving average price is $9.70. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88. Marks and Spencer Group has a twelve month low of $7.99 and a twelve month high of $11.51.

About Marks and Spencer Group

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.