Short Interest in Marks and Spencer Group PLC (OTCMKTS:MAKSY) Declines By 75.0%

Marks and Spencer Group PLC (OTCMKTS:MAKSY) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 759 shares, a drop of 75.0% from the November 30th total of 3,036 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,684,524 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 1,684,524 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Marks and Spencer Group Price Performance

MAKSY remained flat at $8.66 during midday trading on Friday. 146,422 shares of the company’s stock traded hands, compared to its average volume of 165,667. The firm has a 50 day moving average of $9.49 and a 200-day moving average of $9.56. Marks and Spencer Group has a 1-year low of $7.99 and a 1-year high of $11.51. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.56 and a current ratio of 0.87.

Marks and Spencer Group Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 1st will be paid a $0.0315 dividend. This represents a dividend yield of 118.0%. The ex-dividend date is Friday, November 28th.

Analysts Set New Price Targets

MAKSY has been the topic of a number of recent research reports. Citigroup upgraded shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Royal Bank Of Canada cut Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate 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.