Marks and Spencer Group PLC (OTCMKTS:MAKSY) Short Interest Up 141.1% in June

Marks and Spencer Group PLC (OTCMKTS:MAKSY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 136,101 shares, a growth of 141.1% from the May 31st total of 56,460 shares. Based on an average daily trading volume, of 175,753 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

MAKSY has been the topic of several recent analyst reports. Sanford C. Bernstein raised shares of Marks and Spencer Group to a “strong-buy” rating in a report on Thursday, May 14th. Morgan Stanley assumed coverage on Marks and Spencer Group in a research note on Monday, May 18th. They issued an “overweight” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Marks and Spencer Group presently has a consensus rating of “Buy”.

Marks and Spencer Group Price Performance

Marks and Spencer Group stock traded up $0.02 during midday trading on Monday, reaching $9.94. 40,245 shares of the stock traded hands, compared to its average volume of 173,595. Marks and Spencer Group has a fifty-two week low of $8.19 and a fifty-two week high of $11.32. The company has a current ratio of 0.86, a quick ratio of 0.54 and a debt-to-equity ratio of 0.97. The firm has a fifty day moving average price of $9.36 and a two-hundred day moving average price of $9.58.

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.