Marks and Spencer Group PLC (OTCMKTS:MAKSY) Short Interest Down 72.9% in August

Marks and Spencer Group PLC (OTCMKTS:MAKSY) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 37,658 shares, a decrease of 72.9% from the August 15th total of 139,029 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 89,608 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Morgan Stanley started coverage on Marks and Spencer Group in a research note on Monday, May 18th. They set an “overweight” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Marks and Spencer Group Trading Down 2.0%

Shares of MAKSY stock opened at $10.08 on Monday. The stock has a fifty day moving average of $10.49 and a two-hundred day moving average of $9.88. The company has a current ratio of 0.86, a quick ratio of 0.54 and a debt-to-equity ratio of 0.97. Marks and Spencer Group has a 1 year low of $8.19 and a 1 year high of $11.32.

About Marks and Spencer Group

Marks and Spencer Group plc is a United Kingdom-based retailer offering food, clothing, home furnishings and beauty products. Its Food business sells fresh foods, prepared meals, groceries and other products through Marks & Spencer stores and selected partner locations. The company’s Fashion, Home & Beauty business provides women’s, men’s and children’s clothing, lingerie, footwear, homeware and beauty products through stores and online channels.

Founded in 1884, Marks and Spencer has grown from a market-stall business into one of the United Kingdom’s best-known retail brands.