Short Interest in Royal Mail plc (OTCMKTS:ROYMY) Drops By 54.2%

Royal Mail plc (OTCMKTS:ROYMY) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 2,200 shares, a drop of 54.2% from the December 15th total of 4,800 shares. Based on an average daily trading volume, of 6,300 shares, the short-interest ratio is presently 0.3 days.

A number of research firms have weighed in on ROYMY. The Goldman Sachs Group restated a “buy” rating on shares of Royal Mail in a research report on Wednesday, September 29th. They noted that the move was a valuation call. Berenberg Bank raised Royal Mail from a “hold” rating to a “buy” rating in a research report on Monday, December 13th. Zacks Investment Research upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a report on Thursday, November 11th. UBS Group upgraded shares of Royal Mail from a “neutral” rating to a “buy” rating in a report on Monday, November 29th. Finally, JPMorgan Chase & Co. reduced their target price on Royal Mail from 777.00 to 768.00 and set an “overweight” rating for the company in a report on Friday. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $267.16.

Shares of Royal Mail stock opened at $13.63 on Friday. Royal Mail has a 52 week low of $10.45 and a 52 week high of $17.05. The stock’s fifty day moving average is $13.30 and its two-hundred day moving average is $13.41.

Royal Mail Company Profile

Royal Mail Plc engages in the provision of postal and delivery services. It operates through the following segments: Royal Mail and General Logistics Systems (GLS). The Royal Mail segment collects, sorts and delivers letters and parcels across the UK. The GLS segment operates in continental Europe and the Republic of Ireland and has a ground-based deferred parcel delivery network in Europe.

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