Marks and Spencer Group PLC (OTCMKTS:MAKSY) Sees Significant Growth in Short Interest

Marks and Spencer Group PLC (OTCMKTS:MAKSY) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 56,460 shares, a growth of 11,306.1% from the May 14th total of 495 shares. Based on an average daily volume of 1,753,900 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MAKSY shares. Morgan Stanley started coverage on Marks and Spencer Group in a research note on Monday, May 18th. They set an “overweight” rating for the company. Sanford C. Bernstein upgraded Marks and Spencer Group to a “strong-buy” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Marks and Spencer Group Price Performance

Shares of MAKSY opened at $9.69 on Wednesday. The stock has a fifty day moving average price of $9.31 and a 200 day moving average price of $9.51. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.46 and a current ratio of 0.81. Marks and Spencer Group has a 12 month low of $8.19 and a 12 month high of $11.32.

Marks and Spencer Group Company Profile

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.