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

Marks and Spencer Group plc (OTCMKTS:MAKSY) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 7,700 shares, an increase 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 presently 0.2 days.

Analyst Ratings Changes

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

Marks and Spencer Group Trading Down 0.2 %

OTCMKTS:MAKSY traded down $0.02 on Friday, reaching $9.36. The company’s stock had a trading volume of 20,148 shares, compared to its average volume of 23,528. Marks and Spencer Group has a 12-month low of $5.73 and a 12-month high of $10.69. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.55. The stock has a 50 day moving average price of $9.92 and a 200 day moving average price of $8.53.

Marks and Spencer Group Cuts Dividend

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

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.