Marks and Spencer Group PLC (OTCMKTS:MAKSY) Sees Large Growth in Short Interest

Marks and Spencer Group PLC (OTCMKTS:MAKSY) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 56,460 shares, a growth of 11,306.1% from the May 14th total of 495 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,753,900 shares, the days-to-cover ratio is presently 0.0 days.

Marks and Spencer Group Trading Up 1.6%

Shares of OTCMKTS MAKSY traded up $0.15 during mid-day trading on Tuesday, hitting $9.69. The company had a trading volume of 89,485 shares, compared to its average volume of 185,726. The business’s 50-day simple moving average is $9.29 and its 200 day simple moving average is $9.51. Marks and Spencer Group has a 1-year low of $8.19 and a 1-year high of $11.32. The company has a quick ratio of 0.46, a current ratio of 0.81 and a debt-to-equity ratio of 1.01.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MAKSY shares. Sanford C. Bernstein upgraded Marks and Spencer Group to a “strong-buy” rating in a report on Thursday, May 14th. Morgan Stanley began coverage on shares of Marks and Spencer Group in a research report on Monday, May 18th. They set an “overweight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “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.