Short Interest in Marks and Spencer Group PLC (OTCMKTS:MAKSY) Increases By 141.1%

Marks and Spencer Group PLC (OTCMKTS:MAKSY) was the target of a large increase in short interest in 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. Approximately 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 Price Performance

OTCMKTS:MAKSY traded down $0.12 during mid-day trading on Tuesday, hitting $9.82. 51,782 shares of the company traded hands, compared to its average volume of 172,825. The stock’s fifty day moving average price is $9.36 and its 200-day moving average price is $9.59. Marks and Spencer Group has a one year low of $8.19 and a one year high of $11.32. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.54 and a current ratio of 0.86.

Analyst Ratings Changes

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

About Marks and Spencer Group

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.