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

Marks and Spencer Group plc (OTCMKTS:MAKSY) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 7,700 shares, a growth of 185.2% from the October 15th total of 2,700 shares. Based on an average trading volume of 44,400 shares, the short-interest ratio is presently 0.2 days.

Marks and Spencer Group Price Performance

OTCMKTS:MAKSY traded down $0.02 during midday trading on Friday, reaching $9.36. The stock had a trading volume of 20,148 shares, compared to its average volume of 23,528. Marks and Spencer Group has a 1-year low of $5.73 and a 1-year high of $10.69. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.55 and a current ratio of 0.86. The firm’s fifty day simple moving average is $9.92 and its 200-day simple moving average is $8.53.

Marks and Spencer Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, November 29th will be given a $0.0258 dividend. The ex-dividend date of this dividend is Friday, November 29th.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MAKSY shares. UBS Group raised Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 23rd. Barclays upgraded Marks and Spencer Group to a “strong-buy” rating in a report on Monday, September 16th.

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.