Marks and Spencer Group PLC (OTCMKTS:MAKSY) Short Interest Update

Marks and Spencer Group PLC (OTCMKTS:MAKSY) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 37,658 shares, a decrease of 72.9% from the August 15th total of 139,029 shares. Based on an average daily volume of 89,608 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Marks and Spencer Group Stock Performance

Shares of Marks and Spencer Group stock traded up $0.09 during trading hours on Friday, hitting $10.29. 64,789 shares of the company’s stock traded hands, compared to its average volume of 45,871. Marks and Spencer Group has a 12-month low of $8.19 and a 12-month high of $11.32. The company has a fifty day simple moving average of $10.49 and a 200-day simple moving average of $9.89. The company has a current ratio of 0.86, a quick ratio of 0.54 and a debt-to-equity ratio of 0.97.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley began coverage on Marks and Spencer Group in a research note on Monday, May 18th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Marks and Spencer Group has an average rating of “Buy”.

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.