Marks and Spencer Group PLC (OTCMKTS:MAKSY) Short Interest Update

Key Points

• Marks and Spencer Group PLC experienced a significant decrease in short interest in September, dropping by 32.6% to 24,200 shares as of September 15th.
• The company's stock price increased by 1.0% to $10.17 on Monday, with trading volume surpassing the average for the day.
• Citigroup upgraded Marks and Spencer shares from a "hold" to a "strong-buy" rating, contributing to an overall average rating of "Buy" from analysts.

Marks and Spencer Group PLC (OTCMKTS:MAKSY - Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 24,200 shares, a decrease of 32.6% from the August 31st total of 35,900 shares. Based on an average daily trading volume, of 135,300 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 135,300 shares, the days-to-cover ratio is presently 0.2 days.

Marks and Spencer Group Trading Up 1.0%

MAKSY traded up $0.10 during trading on Monday, hitting $10.17. 53,241 shares of the company's stock traded hands, compared to its average volume of 115,117. The company's 50 day simple moving average is $9.41 and its two-hundred day simple moving average is $9.74. Marks and Spencer Group has a 12-month low of $7.99 and a 12-month 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.

Analyst Ratings Changes

Separately, Citigroup raised shares of Marks and Spencer Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Marks and Spencer Group currently has an average rating of "Buy".

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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