Royal Mail plc (OTCMKTS:ROYMF) Sees Large Growth in Short Interest

Royal Mail plc (OTCMKTS:ROYMF – Get Rating) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 102,400 shares, an increase of 16.6% from the March 31st total of 87,800 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is presently 85.3 days.

OTCMKTS:ROYMF opened at $4.20 on Thursday. Royal Mail has a twelve month low of $4.20 and a twelve month high of $8.91. The stock’s 50 day moving average price is $4.65 and its two-hundred day moving average price is $5.78.

ROYMF has been the topic of several recent analyst reports. Barclays reaffirmed a “buy” rating and set a $640.00 price target on shares of Royal Mail in a research report on Thursday, March 24th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $702.00 price target on shares of Royal Mail in a research report on Thursday, April 21st. Finally, Deutsche Bank Aktiengesellschaft lowered Royal Mail to a “sell” rating and set a $275.00 price target on the stock. in a research report on Tuesday, March 29th.

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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