Short Interest in Marks and Spencer Group PLC (OTCMKTS:MAKSY) Decreases By 75.0%

Marks and Spencer Group PLC (OTCMKTS:MAKSY) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 759 shares, a decrease of 75.0% from the November 30th total of 3,036 shares. Based on an average daily trading volume, of 1,684,524 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,684,524 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank Of Canada cut shares of Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 20th. Citigroup upgraded shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Marks and Spencer Group Price Performance

Shares of Marks and Spencer Group stock traded down $0.03 on Thursday, reaching $8.66. The stock had a trading volume of 45,352 shares, compared to its average volume of 739,728. The business’s 50-day moving average price is $9.53 and its two-hundred day moving average price is $9.57. Marks and Spencer Group has a fifty-two week low of $7.99 and a fifty-two week high of $11.51. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.87 and a quick ratio of 0.56.

Marks and Spencer Group Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 1st will be given a $0.0315 dividend. This represents a yield of 118.0%. The ex-dividend date of this dividend is Friday, November 28th.

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.