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

Marks and Spencer Group PLC (OTCMKTS:MAKSY) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 62,639 shares, a drop of 33.0% from the February 26th total of 93,560 shares. Based on an average trading volume of 193,267 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Marks and Spencer Group Trading Down 1.6%

OTCMKTS MAKSY opened at $8.70 on Friday. Marks and Spencer Group has a 1-year low of $8.40 and a 1-year high of $11.51. The stock has a 50-day moving average of $10.18 and a 200-day moving average of $9.77. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.46.

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.