Short Interest in Marks and Spencer Group plc (OTCMKTS:MAKSY) Expands By 185.2%

Marks and Spencer Group plc (OTCMKTS:MAKSY) was the target of 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 daily trading volume, of 44,400 shares, the days-to-cover ratio is currently 0.2 days.

Marks and Spencer Group Price Performance

OTCMKTS MAKSY traded down $0.02 during trading on Friday, reaching $9.36. 20,148 shares of the company’s stock were exchanged, compared to its average volume of 23,528. The company has a quick ratio of 0.55, a current ratio of 0.86 and a debt-to-equity ratio of 1.02. The company has a 50 day moving average price of $9.92 and a two-hundred day moving average price of $8.53. Marks and Spencer Group has a 1 year low of $5.73 and a 1 year high of $10.69.

Marks and Spencer Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on MAKSY. Barclays raised Marks and Spencer Group to a “strong-buy” rating in a research note on Monday, September 16th. UBS Group raised Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 23rd.

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.