Short Interest in Marks and Spencer Group PLC (OTCMKTS:MAKSY) Decreases By 33.0%

Key Points

• Short interest fell 33.0% in March to 62,639 shares (reported as 0.0% of the company's shares sold short) with a short-interest ratio of just 0.3 days based on average daily volume.
• Shares traded down 1.6% to $8.70 (52‑week range $8.40–$11.51) and the stock carries a consensus "Moderate Buy" rating after Berenberg upgraded it to "Buy".

Marks and Spencer Group PLC (OTCMKTS:MAKSY - Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 62,639 shares, a decline of 33.0% from the February 26th total of 93,560 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 193,267 shares, the short-interest ratio is presently 0.3 days.

Marks and Spencer Group Trading Down 1.6%

OTCMKTS:MAKSY traded down $0.14 during mid-day trading on Friday, hitting $8.70. The company had a trading volume of 70,366 shares, compared to its average volume of 90,078. The company has a current ratio of 0.81, a quick ratio of 0.46 and a debt-to-equity ratio of 1.01. Marks and Spencer Group has a fifty-two week low of $8.40 and a fifty-two week high of $11.51. The business's fifty day moving average is $10.18 and its two-hundred day moving average is $9.77.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised shares of Marks and Spencer Group from a "hold" rating to a "buy" rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Marks and Spencer Group Company Profile

Marks and Spencer Group plc OTCMKTS: MAKSY, commonly known as M&S, is a leading British retailer operating a network of full-line stores, food halls and online channels. The company's retail portfolio spans clothing and home products as well as premium grocery offerings. M&S is recognized for its emphasis on quality, innovation and ethical sourcing across its range of private-label apparel, homeware and prepared foods.

In the apparel and home division, M&S designs and markets women's, men's and children's fashion under core brands such as Autograph, Per Una and Collection, alongside its own bedding, kitchenware and furnishings.

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