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

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 31st, there was short interest totaling 487 shares, a decrease of 35.8% from the December 15th total of 759 shares. Based on an average daily volume of 475,183 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 475,183 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Berenberg Bank upgraded Marks and Spencer Group from a “hold” rating to a “buy” rating in a research report on Friday, January 9th. Royal Bank Of Canada cut Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 20th. One equities research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Marks and Spencer Group Stock Performance

Shares of OTCMKTS MAKSY traded up $0.15 during mid-day trading on Friday, reaching $9.88. 118,500 shares of the company traded hands, compared to its average volume of 151,822. Marks and Spencer Group has a fifty-two week low of $8.05 and a fifty-two week high of $11.51. The stock has a fifty day simple moving average of $9.03 and a 200-day simple moving average of $9.45. 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 Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, January 16th. Investors of record on Monday, December 1st were paid a dividend of $0.0315 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 118.0%.

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.