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

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 7,328 shares, a decrease of 55.3% from the December 31st total of 16,405 shares. Based on an average daily volume of 20,641 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 20,641 shares, the short-interest ratio is presently 0.4 days.

B&M European Value Retail Trading Up 4.8%

B&M European Value Retail stock traded up $0.45 during mid-day trading on Thursday, hitting $9.78. 558 shares of the stock were exchanged, compared to its average volume of 19,500. B&M European Value Retail has a 12 month low of $8.11 and a 12 month high of $18.47. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 3.13. The firm’s fifty day simple moving average is $8.85 and its two-hundred day simple moving average is $10.78.

Analysts Set New Price Targets

Several analysts have recently weighed in on BMRRY shares. Zacks Research upgraded B&M European Value Retail from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Citigroup lowered shares of 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 shares of B&M European Value Retail from a “buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About B&M European Value Retail

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.