Marks and Spencer Group plc (OTCMKTS:MAKSY) Sees Large Drop in Short Interest

Marks and Spencer Group plc (OTCMKTS:MAKSY) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 25,500 shares, a drop of 37.5% from the February 28th total of 40,800 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 98,300 shares, the days-to-cover ratio is currently 0.3 days.

Marks and Spencer Group Stock Performance

MAKSY stock traded up $0.04 during mid-day trading on Monday, reaching $9.44. 31,918 shares of the stock traded hands, compared to its average volume of 82,563. The business has a 50-day moving average of $8.94 and a two-hundred day moving average of $9.47. Marks and Spencer Group has a 52 week low of $6.06 and a 52 week high of $10.69. The company has a quick ratio of 0.45, a current ratio of 0.82 and a debt-to-equity ratio of 0.84.

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.