Short Interest in Royal Mail plc (OTCMKTS:ROYMY) Grows By 556.3%

Royal Mail plc (OTCMKTS:ROYMY) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 10,500 shares, an increase of 556.3% from the September 15th total of 1,600 shares. Based on an average daily trading volume, of 6,800 shares, the short-interest ratio is presently 1.5 days.

OTCMKTS:ROYMY traded up $0.24 during midday trading on Thursday, hitting $11.39. The company’s stock had a trading volume of 678 shares, compared to its average volume of 5,305. The firm has a market cap of $5.70 billion, a P/E ratio of 7.97 and a beta of 1.78. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 1.18. The firm’s 50 day moving average is $13.14 and its 200-day moving average is $14.39. Royal Mail has a fifty-two week low of $5.73 and a fifty-two week high of $17.05.

The firm also recently disclosed a dividend, which was paid on Tuesday, September 21st. Investors of record on Friday, July 30th were issued a dividend of $0.2232 per share. This represents a yield of 1.47%. The ex-dividend date of this dividend was Thursday, July 29th. Royal Mail’s dividend payout ratio is presently 32.87%.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Royal Mail from a “hold” rating to a “sell” rating in a research report on Wednesday, September 29th. Credit Suisse Group restated a “neutral” rating on shares of Royal Mail in a research report on Friday, September 3rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Royal Mail in a research report on Friday, September 24th. Sanford C. Bernstein upgraded shares of Royal Mail from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 22nd. Finally, Berenberg Bank set a $14.48 price target on shares of Royal Mail and gave the stock a “hold” rating in a research report on Friday, July 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.74.

About Royal Mail

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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