Short Interest in Royal Mail plc (OTCMKTS:ROYMY) Grows By 556.3%

Royal Mail plc (OTCMKTS:ROYMY) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 10,500 shares, an increase of 556.3% from the September 15th total of 1,600 shares. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is presently 1.5 days.

ROYMY traded up $0.24 on Thursday, hitting $11.39. 678 shares of the stock traded hands, compared to its average volume of 5,305. The company has a current ratio of 1.19, a quick ratio of 1.18 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average price of $13.14 and a two-hundred day moving average price of $14.39. The firm has a market capitalization of $5.70 billion, a PE ratio of 7.97 and a beta of 1.78. Royal Mail has a 52 week low of $5.73 and a 52 week high of $17.05.

The firm also recently announced a dividend, which was paid on Tuesday, September 21st. Stockholders of record on Friday, July 30th were issued a $0.2232 dividend. This represents a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, July 29th. Royal Mail’s payout ratio is currently 32.87%.

Several equities research analysts have recently weighed in on ROYMY shares. Berenberg Bank set a $14.48 price objective on Royal Mail and gave the stock a “hold” rating in a research note on Friday, July 23rd. Credit Suisse Group reissued a “neutral” rating on shares of Royal Mail in a research note on Friday, September 3rd. Sanford C. Bernstein raised Royal Mail from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 22nd. Zacks Investment Research cut Royal Mail from a “hold” rating to a “sell” rating in a research report on Wednesday, September 29th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Royal Mail in a research report on Wednesday, September 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Royal Mail currently has an average rating of “Hold” and a consensus price target of $16.74.

Royal Mail Company Profile

Royal Mail Plc engages in the provision of postal and delivery services. It operates through the following segments: Royal Mail and General Logistics Systems (GLS). The Royal Mail segment collects, sorts and delivers letters and parcels across the UK. The GLS segment operates in continental Europe and the Republic of Ireland and has a ground-based deferred parcel delivery network in Europe.

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