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

Marks and Spencer Group plc (OTCMKTS:MAKSY) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 19,400 shares, a decrease of 90.8% from the September 15th total of 211,000 shares. Based on an average trading volume of 191,000 shares, the days-to-cover ratio is currently 0.1 days.

Marks and Spencer Group Stock Down 1.4 %

MAKSY stock traded down $0.14 during midday trading on Thursday, reaching $10.06. 26,823 shares of the company’s stock traded hands, compared to its average volume of 56,983. The company has a quick ratio of 0.55, a current ratio of 0.86 and a debt-to-equity ratio of 1.02. The stock’s 50-day moving average is $9.20 and its 200 day moving average is $7.93. Marks and Spencer Group has a 52-week low of $5.22 and a 52-week high of $10.69.

Analysts Set New Price Targets

A number of equities analysts have commented on MAKSY shares. Barclays raised Marks and Spencer Group to a “strong-buy” rating in a research note on Monday, September 16th. UBS Group raised shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Marks and Spencer Group currently has a consensus rating of “Buy”.

About Marks and Spencer Group

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.