Short Interest in Marks and Spencer Group PLC (OTCMKTS:MAKSY) Rises By 11,306.1%

Marks and Spencer Group PLC (OTCMKTS:MAKSYGet Free Report) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 56,460 shares, an increase of 11,306.1% from the May 14th total of 495 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,753,900 shares, the short-interest ratio is currently 0.0 days.

Marks and Spencer Group Stock Performance

MAKSY opened at $9.63 on Thursday. 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 has a 52 week low of $8.19 and a 52 week high of $11.32. The business’s fifty day simple moving average is $9.33 and its 200 day simple moving average is $9.52.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley assumed coverage on Marks and Spencer Group in a research report on Monday, May 18th. They set an “overweight” rating on the stock. Sanford C. Bernstein upgraded Marks and Spencer Group to a “strong-buy” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

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Marks and Spencer Group Company Profile

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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.

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