Short-term stake in Royal Mail plc (OTCMKTS:ROYMY) increases by 64.3%

Royal Mail plc (OTCMKTS:ROYMY – Get Rating) benefited from strong growth in short-term interest in May. As of May 15, there were short interests totaling 4,600 shares, a growth of 64.3% from the total of 2,800 shares as of April 30. Based on an average trading volume of 9,400 shares, the short-term interest rate ratio is currently 0.5 days.

Several stock analysts have recently commented on the company. UBS Group reduced its price target on Royal Mail from 540 GBX ($6.80) to 420 GBX ($5.29) in a research report on Wednesday April 20. Sanford C. Bernstein downgraded Royal Mail from an “outperforming” rating to a “market performance” rating in a research report on Friday. Peel Hunt downgraded Royal Mail from a ‘buy’ rating to a ‘sell’ rating in a research report on Tuesday. JPMorgan Chase & Co. lowered its price target on Royal Mail from GBX 702 ($8.83) to GBX 632 ($7.95) in a Monday May 23 report. Finally, Credit Suisse Group downgraded Royal Mail from a “neutral” rating to an “underperforming” rating in a report on Thursday March 3. Four analysts rated the stock with a sell rating, one gave the company a hold rating and five gave the company’s stock a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $375.60.

Shares of OTCMKTS ROYMY traded down $0.39 during the midday session on Friday, hitting $8.24. 2,925 shares of the company were traded, against an average volume of 4,969. Royal Mail has a 1-year low of $7.50 and a 1-year high of $17.05. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt ratio of 0.40. The company has a 50-day moving average of $8.72 and a two-hundred-day moving average of $11.05.

Royal Mail Company Profile (Get a rating)

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, Czech Republic, Hungary, Poland, Romania, in Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, Netherlands and Portugal. It offers parcel and courier delivery services under the Royal Mail and Parcelforce Worldwide brands.

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