Marks and Spencer Group PLC (OTCMKTS:MAKSY) Short Interest Down 46.1% in August

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) was the recipient of a significant drop in short interest during the month of 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. Based on an average daily trading volume, of 90,600 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 90,600 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

A number of equities analysts have issued reports on MAKSY shares. Citigroup upgraded Marks and Spencer Group from a "hold" rating to a "strong-buy" rating in a report on Monday, September 8th. Peel Hunt cut Marks and Spencer Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Strong Buy".

Marks and Spencer Group Stock Performance

OTCMKTS:MAKSY opened at $9.14 on Friday. Marks and Spencer Group has a fifty-two week low of $7.99 and a fifty-two week high of $11.51. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88. The business's 50-day simple moving average is $9.26 and its 200-day simple moving average is $9.69.

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.

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