Marks and Spencer Group plc (OTCMKTS:MAKSY) Short Interest Up 34.4% in December

Marks and Spencer Group plc (OTCMKTS:MAKSY) was the target of a significant growth in short interest during 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 daily trading volume, of 78,100 shares, the short-interest ratio is presently 0.7 days.

Marks and Spencer Group Stock Performance

Shares of MAKSY traded down $0.05 during mid-day trading on Friday, hitting $8.36. The stock had a trading volume of 62,464 shares, compared to its average volume of 41,587. Marks and Spencer Group has a 52 week low of $5.73 and a 52 week high of $10.69. The business has a fifty day moving average price of $9.50 and a 200-day moving average price of $9.24.

Marks and Spencer Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.