Marks and Spencer Group PLC (OTCMKTS:MAKSY) Sees Large Growth in Short Interest

Marks and Spencer Group PLC (OTCMKTS:MAKSY) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 136,101 shares, an increase of 141.1% from the May 31st total of 56,460 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 175,753 shares, the days-to-cover ratio is presently 0.8 days.

Marks and Spencer Group Stock Up 0.2%

Shares of MAKSY traded up $0.02 during trading hours on Monday, reaching $9.94. 40,245 shares of the company traded hands, compared to its average volume of 173,595. The company has a quick ratio of 0.54, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. The stock’s fifty day moving average is $9.36 and its 200 day moving average is $9.58. Marks and Spencer Group has a 1-year low of $8.19 and a 1-year high of $11.32.

Analyst Upgrades and Downgrades

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

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.