short interest could back fire8 Apr 2017 17:28
HTTP://www.valuewalk.com/2017/04/marks-spencer-currently-topslist-shorted-european-speciality-retailers/
This is what it says, with my views afterwards
"Significant short interest in Marks and Spencer rose from 0.8% in August 2016 to 7.37% on 3rd of April 2017, putting Marks and Spencer on MostShorted‘s radar.(*) Interestingly, there are no dominant short position holders. Instead, the overall short position in Marks and Spencer is rather evenly split among 10 position holders, with largest shorts being held by Marshall Wace (1.1%) and Lone Pine Capital (0.99%). In spite of these shorting activities not much effect has been seen on the stock price which remained relatively flat since year’s start".,,,,,,,,,,,,,,,,,
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
**********************************
The only reason I am posting this is to show how much danger the short positions might be in very shortly.
There will be a trading update Q4 on Thursday and the price has gone down hardly at all since they took out their short positions.
We know Xmas trading was good, there has been no profits warning since then and we have a new CEO who is changing M and S slowly by putting more than 200 food halls ( the back bone of M and S Profits) over the next 4 years and closing 70 loss making stores or converting them.
Yes the curriences are not in the favour of M and S at the moment, and Easter trading will not be included in the Q4, ( which they have already mentioned saying it will not be the best quarter), but the shorters must be gambling on the hope of seriously less profits.
I do not believe this will materialise in the Thursday update, hence they will be scrambling for the doors, and there is no trading on Friday, oooops. ( This allows the Easter papers to report about M and S, if this is slightly positive, then the shorts will be very unhappy indeed)
I think they could be in trouble and lead to an even quicker share price rise for M and S.
DYOR
Good luck to all M and S ers