Short Interest in Marks and Spencer Group PLC (OTCMKTS:MAKSY) Decreases By 75.0%

Marks and Spencer Group PLC (OTCMKTS:MAKSY) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 759 shares, a decrease of 75.0% from the November 30th total of 3,036 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,684,524 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 1,684,524 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Marks and Spencer Group Trading Down 0.3%

Shares of OTCMKTS MAKSY traded down $0.03 during midday trading on Thursday, reaching $8.66. 45,352 shares of the stock were exchanged, compared to its average volume of 739,728. Marks and Spencer Group has a 52-week low of $7.99 and a 52-week high of $11.51. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.56 and a current ratio of 0.87. The stock has a 50 day moving average price of $9.53 and a 200-day moving average price of $9.57.

Marks and Spencer Group Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 1st will be paid a $0.0315 dividend. This represents a yield of 118.0%. The ex-dividend date of this dividend is Friday, November 28th.

Analyst Ratings Changes

MAKSY has been the topic of several recent research reports. Citigroup raised shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Royal Bank Of Canada cut shares of Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Marks and Spencer Group has an average rating of “Moderate Buy”.

About Marks and Spencer Group

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.