Marks and Spencer Group plc (OTCMKTS:MAKSY) Sees Significant Growth in Short Interest

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

Analyst Upgrades and Downgrades

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

Marks and Spencer Group Price Performance

MAKSY stock traded down $0.05 during midday trading on Friday, reaching $8.36. The company had a trading volume of 62,464 shares, compared to its average volume of 41,587. The firm has a 50-day moving average price of $9.50 and a 200-day moving average price of $9.24. Marks and Spencer Group has a 1 year low of $5.73 and a 1 year high of $10.69.

Marks and Spencer Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Friday, November 29th were given a $0.0258 dividend. The ex-dividend date of this dividend was Friday, November 29th.

Marks and Spencer Group Company Profile

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.