Royal Mail plc (OTCMKTS:ROYMY) Short Interest Down 44.7% in October

Royal Mail plc (OTCMKTS:ROYMY – Get Rating) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 5,200 shares, a drop of 44.7% from the October 15th total of 9,400 shares. Based on an average daily volume of 16,800 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays cut shares of Royal Mail to an “equal weight” rating in a research note on Monday, October 17th. JPMorgan Chase & Co. cut shares of Royal Mail from an “overweight” rating to a “neutral” rating in a research note on Friday, September 16th. Citigroup decreased their price target on shares of Royal Mail from GBX 710 ($8.18) to GBX 410 ($4.72) in a research note on Thursday, July 21st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Royal Mail from GBX 222 ($2.56) to GBX 144 ($1.66) in a report on Friday, September 30th. Finally, Berenberg Bank cut their price objective on shares of Royal Mail from GBX 575 ($6.62) to GBX 480 ($5.53) in a report on Friday, July 22nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Mail has a consensus rating of “Hold” and an average price target of $355.67.

Royal Mail Price Performance

OTCMKTS ROYMY traded up $0.26 during mid-day trading on Friday, hitting $5.85. The company’s stock had a trading volume of 5,006 shares, compared to its average volume of 5,906. Royal Mail has a 52-week low of $3.90 and a 52-week high of $14.40. The stock’s fifty day simple moving average is $4.89 and its two-hundred day simple moving average is $6.41. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37.

About Royal Mail

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Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider. The company offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. It also provides services for the collection, sorting, and delivery of parcels and letters. In addition, the company operates ground-based parcel delivery networks in Europe that covers 40 countries and nation states.

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