Short Interest in Marks and Spencer Group plc (OTCMKTS:MAKSY) Increases By 34.4%

Marks and Spencer Group plc (OTCMKTS:MAKSY) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 58,200 shares, an increase of 34.4% from the December 15th total of 43,300 shares. Based on an average daily volume of 78,100 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 23rd.

Marks and Spencer Group Stock Down 0.6 %

OTCMKTS MAKSY traded down $0.05 during trading hours on Friday, reaching $8.36. 62,464 shares of the company’s stock were exchanged, compared to its average volume of 41,587. Marks and Spencer Group has a one year low of $5.73 and a one year high of $10.69. The firm has a fifty day moving average of $9.50 and a 200-day moving average of $9.24.

Marks and Spencer Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Friday, November 29th were given a dividend of $0.0258 per share. The ex-dividend date was Friday, November 29th.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.