Short Interest in Marks and Spencer Group PLC (OTCMKTS:MAKSY) Drops By 72.9%

Marks and Spencer Group PLC (OTCMKTS:MAKSY) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 37,658 shares, a decline of 72.9% from the August 15th total of 139,029 shares. Based on an average daily volume of 89,608 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Marks and Spencer Group Stock Up 0.9%

Shares of MAKSY traded up $0.09 on Friday, hitting $10.29. 64,789 shares of the stock traded hands, compared to its average volume of 45,871. Marks and Spencer Group has a one year low of $8.19 and a one year high of $11.32. The business has a 50 day simple moving average of $10.49 and a 200 day simple moving average of $9.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.54.

Wall Street Analyst Weigh In

Separately, Morgan Stanley assumed coverage on shares of Marks and Spencer Group in a research report on Monday, May 18th. They set an “overweight” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

About Marks and Spencer Group

Marks and Spencer Group plc is a United Kingdom-based retailer offering food, clothing, home furnishings and beauty products. Its Food business sells fresh foods, prepared meals, groceries and other products through Marks & Spencer stores and selected partner locations. The company’s Fashion, Home & Beauty business provides women’s, men’s and children’s clothing, lingerie, footwear, homeware and beauty products through stores and online channels.

Founded in 1884, Marks and Spencer has grown from a market-stall business into one of the United Kingdom’s best-known retail brands.