Short Interest in Marks and Spencer Group PLC (OTCMKTS:MAKSY) Decreases By 65.0%

Key Points

• Short interest down 65% — short positions fell to 13,894 shares as of April 15 (from 39,702 on March 31), about 0.0% of shares outstanding and a days-to-cover ratio of 0.1.
• Berenberg upgraded M&S to "Buy", and MarketBeat shows a consensus of "Moderate Buy" with one Strong Buy, one Buy and two Hold ratings.
• Shares were trading up 2.6% (opened at $9.41) with a 12‑month range of $8.40–$11.32, while the company has a debt-to-equity ratio of 1.01 and below‑par liquidity (current ratio 0.81, quick ratio 0.46).

Marks and Spencer Group PLC (OTCMKTS:MAKSY - Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 13,894 shares, a decline of 65.0% from the March 31st total of 39,702 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 162,106 shares, the days-to-cover ratio is presently 0.1 days.

Marks and Spencer Group Trading Up 2.6%

Shares of MAKSY stock opened at $9.41 on Friday. Marks and Spencer Group has a 12-month low of $8.40 and a 12-month high of $11.32. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.46. The firm has a fifty day moving average of $9.85 and a 200-day moving average of $9.75.

Analyst Ratings Changes

Separately, Berenberg Bank raised Marks and Spencer Group from a "hold" rating to a "buy" rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Marks and Spencer Group currently has an average 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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