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

Marks and Spencer Group PLC (OTCMKTS:MAKSY) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 136,101 shares, a growth of 141.1% from the May 31st total of 56,460 shares. Based on an average daily trading volume, of 175,753 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the company’s shares are sold short.

Marks and Spencer Group Trading Down 1.3%

Shares of MAKSY stock opened at $9.82 on Wednesday. Marks and Spencer Group has a 1-year low of $8.19 and a 1-year high of $11.32. The company has a current ratio of 0.86, a quick ratio of 0.54 and a debt-to-equity ratio of 0.97. The stock’s fifty day simple moving average is $9.36 and its 200-day simple moving average is $9.59.

Analyst Upgrades and Downgrades

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