Dr. Martens plc (OTCMKTS:DOCMF) Short Interest Up 80.4% in April

Dr. Martens plc (OTCMKTS:DOCMFGet Rating) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 9,200 shares, an increase of 80.4% from the April 15th total of 5,100 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 30.7 days.

Several research analysts have recently weighed in on the company. Peel Hunt upgraded Dr. Martens to a “hold” rating in a report on Monday, February 7th. Barclays decreased their price objective on Dr. Martens from GBX 480 ($5.92) to GBX 360 ($4.44) in a report on Wednesday, April 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $360.00.

DOCMF opened at $2.31 on Friday. Dr. Martens has a one year low of $2.25 and a one year high of $7.25. The business’s 50 day moving average price is $3.01 and its 200 day moving average price is $4.17.

Dr. Martens Company Profile (Get Rating)

Dr. Martens plc designs, develops, procures, markets, sells, and distributes footwear in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. Its product segments include originals, fusion, kids, and casual, as well as accessories. The company offers its products under the Dr. Martens brand name.

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