Short Interest in Royal Mail plc (OTCMKTS:ROYMY) Drops By 26.1%

Royal Mail plc (OTCMKTS:ROYMY – Get Rating) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 3,400 shares, a decrease of 26.1% from the May 15th total of 4,600 shares. Based on an average daily volume of 12,000 shares, the short-interest ratio is presently 0.3 days.

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Royal Mail from GBX 702 ($8.52) to GBX 632 ($7.67) in a report on Monday, May 23rd. UBS Group decreased their price objective on Royal Mail from GBX 540 ($6.55) to GBX 420 ($5.10) in a research note on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on Royal Mail from GBX 275 ($3.34) to GBX 240 ($2.91) in a research note on Friday, May 20th. Sanford C. Bernstein lowered Royal Mail from an “outperform” rating to a “market perform” rating in a research note on Friday, May 27th. Finally, Credit Suisse Group lowered Royal Mail from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 3rd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $466.75.

OTCMKTS ROYMY opened at $6.57 on Wednesday. The business’s 50-day moving average price is $8.28 and its 200 day moving average price is $10.59. Royal Mail has a twelve month low of $6.52 and a twelve month high of $16.67. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.40.

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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