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

Marks and Spencer Group PLC (OTCMKTS:MAKSY) saw a significant decline in short interest during the month of 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 89,608 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Morgan Stanley began coverage on Marks and Spencer Group in a research note on Monday, May 18th. They set an “overweight” rating for the company. One research 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 stock. According to MarketBeat.com, Marks and Spencer Group presently has an average rating of “Buy”.

Marks and Spencer Group Stock Up 0.9%

Shares of MAKSY traded up $0.09 during trading hours on Friday, reaching $10.29. The company’s stock had a trading volume of 64,789 shares, compared to its average volume of 45,871. The company has a 50 day moving average of $10.49 and a two-hundred day 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. Marks and Spencer Group has a 1-year low of $8.19 and a 1-year high of $11.32.

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.