Royal Mail plc (OTCMKTS:ROYMY) Short Interest Down 76.5% in April

Royal Mail plc (OTCMKTS:ROYMY – Get Rating) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 2,800 shares, a drop of 76.5% from the April 15th total of 11,900 shares. Based on an average trading volume of 6,000 shares, the short-interest ratio is presently 0.5 days.

OTCMKTS ROYMY traded down $0.03 on Thursday, hitting $7.98. 4,456 shares of the company were exchanged, compared to its average volume of 4,819. The firm has a 50 day moving average of $9.04 and a two-hundred day moving average of $11.34. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. Royal Mail has a 1-year low of $7.97 and a 1-year high of $17.05.

ROYMY has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Royal Mail from GBX 708 ($8.73) to GBX 702 ($8.65) in a research note on Thursday, March 17th. UBS Group lowered their price objective on shares of Royal Mail from GBX 540 ($6.66) to GBX 420 ($5.18) in a research note on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft cut shares of Royal Mail from a “buy” rating to a “sell” rating in a research note on Tuesday, March 29th. Zacks Investment Research downgraded shares of Royal Mail from a “buy” rating to a “sell” rating in a research report on Friday, March 25th. Finally, Credit Suisse Group downgraded shares of Royal Mail from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 3rd. Three research analysts have rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $365.50.

About Royal Mail (Get Rating)

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

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