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Marks and Spencer Group PLC (OTCMKTS:MAKSY) Short Interest Up 6,560.0% in August

Marks and Spencer Group logo with Retail/Wholesale background

Key Points

  • Marks and Spencer Group PLC saw a significant surge in short interest in August, rising by 6,560.0% from 1,000 shares to 66,600 shares, with a days-to-cover ratio of 0.5 days.
  • The stock was recently downgraded by Peel Hunt from a "strong-buy" to a "hold" rating, although two other analysts continue to endorse it as a "strong buy."
  • Marks and Spencer's shares decreased by 5.2% to $8.85, with a current debt-to-equity ratio of 0.88 and notable price volatility in the past year.
  • Five stocks to consider instead of Marks and Spencer Group.

Marks and Spencer Group PLC (OTCMKTS:MAKSY - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 66,600 shares, anincreaseof6,560.0% from the July 31st total of 1,000 shares. Based on an average trading volume of 134,600 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 134,600 shares, the short-interest ratio is currently 0.5 days.

Marks and Spencer Group Price Performance

Shares of MAKSY traded up $0.11 during trading hours on Friday, hitting $9.24. 30,507 shares of the company were exchanged, compared to its average volume of 49,606. 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 debt-to-equity ratio of 0.88, a quick ratio of 0.56 and a current ratio of 0.87. The firm's fifty day moving average is $9.29 and its 200 day moving average is $9.68.

Analysts Set New Price Targets

Separately, Peel Hunt cut Marks and Spencer Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy".

Read Our Latest Analysis on MAKSY

Marks and Spencer Group Company Profile

(Get Free Report)

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.

Further Reading

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