Marks and Spencer Group plc (OTCMKTS:MAKSY) Short Interest Update

Marks and Spencer Group plc (OTCMKTS:MAKSY - Get Free Report) 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 trading volume of 78,100 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

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

Marks and Spencer Group Stock Up 0.6 %

OTCMKTS MAKSY traded up $0.05 on Thursday, hitting $8.41. 47,533 shares of the company were exchanged, compared to its average volume of 146,033. The stock has a fifty day moving average of $9.53 and a 200-day moving average of $9.23. Marks and Spencer Group has a 12 month low of $5.73 and a 12 month high of $10.69.

Marks and Spencer Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, November 29th will be given a dividend of $0.0258 per share. The ex-dividend date of this dividend is 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.

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