Marks and Spencer Group PLC (OTCMKTS:MAKSY) Sees Significant Decline in Short Interest

Marks and Spencer Group PLC (OTCMKTS:MAKSY) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 39,702 shares, a decline of 36.6% from the March 15th total of 62,639 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 195,095 shares, the days-to-cover ratio is currently 0.2 days.

Marks and Spencer Group Trading Up 0.4%

Shares of OTCMKTS:MAKSY opened at $9.77 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.46 and a current ratio of 0.81. Marks and Spencer Group has a 12-month low of $8.40 and a 12-month high of $11.51. The company’s 50 day moving average price is $10.02 and its two-hundred day moving average price is $9.77.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded Marks and Spencer Group from a “hold” rating to a “buy” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Marks and Spencer Group currently 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.