B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) Sees Significant Decline in Short Interest

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 7,918 shares, a drop of 19.7% from the January 29th total of 9,856 shares. Based on an average trading volume of 6,003 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 6,003 shares, the days-to-cover ratio is currently 1.3 days.

B&M European Value Retail Trading Down 2.2%

OTCMKTS:BMRRY opened at $9.89 on Wednesday. B&M European Value Retail has a 1 year low of $8.11 and a 1 year high of $18.47. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 3.13. The stock has a fifty day moving average price of $9.40 and a two-hundred day moving average price of $10.37.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BMRRY shares. Deutsche Bank Aktiengesellschaft cut B&M European Value Retail from a “buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Zacks Research upgraded shares of B&M European Value Retail from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Citigroup cut shares of B&M European Value Retail from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

B&M European Value Retail Company Profile

B&M European Value Retail is a leading discount variety retailer operating primarily in the United Kingdom and France. The company’s stores offer a broad assortment of value-focused merchandise, including groceries, health and beauty products, toys, seasonal items, homewares, DIY and gardening supplies, and pet care. By sourcing products directly from manufacturers and maintaining a lean cost structure, B&M aims to deliver everyday low prices to its customers.

Headquartered in Liverpool, England, B&M traces its origins back to the late 1970s and has grown through a combination of organic expansion and strategic acquisitions.