Short Interest in B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) Drops By 38.1%

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 4,899 shares, a drop of 38.1% from the February 12th total of 7,918 shares. Based on an average daily volume of 2,988 shares, the short-interest ratio is presently 1.6 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,988 shares, the short-interest ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. 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. Citigroup cut B&M European Value Retail from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded B&M European Value Retail from a “buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, B&M European Value Retail currently has an average rating of “Moderate Buy”.

B&M European Value Retail Price Performance

BMRRY opened at $9.41 on Friday. The firm has a fifty day moving average price of $9.54 and a 200 day moving average price of $10.23. 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.

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.