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

Royal Mail plc (OTCMKTS:ROYMY – Get Rating) was the recipient of a large drop in short interest in 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.

Shares of ROYMY stock traded down $0.03 during trading hours on Thursday, reaching $7.98. The company’s stock had a trading volume of 4,456 shares, compared to its average volume of 4,819. Royal Mail has a one year low of $7.97 and a one year high of $17.05. The firm’s fifty day simple moving average is $9.04 and its 200 day simple moving average is $11.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 1.29.

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

Royal Mail Company Profile (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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