Hennes & Mauritz AB (OTCMKTS:HNNMY) Sees Large Drop in Short Interest

by · The Markets Daily

Hennes & Mauritz AB (OTCMKTS:HNNMY – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 67,975 shares, a decline of 48.5% from the September 30th total of 131,894 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 832,359 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Zacks Research raised Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Hennes & Mauritz currently has a consensus rating of “Reduce”.

View Our Latest Stock Report on Hennes & Mauritz

Hennes & Mauritz Stock Up 0.6%

HNNMY traded up $0.02 during trading on Monday, hitting $3.57. The stock had a trading volume of 85,060 shares, compared to its average volume of 179,458. The stock has a 50 day simple moving average of $3.40 and a two-hundred day simple moving average of $3.60. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.59 and a current ratio of 1.13. Hennes & Mauritz has a twelve month low of $3.07 and a twelve month high of $4.25. The company has a market capitalization of $25.07 billion, a PE ratio of 21.00 and a beta of 1.17.

Hennes & Mauritz (OTCMKTS:HNNMY – Get Free Report) last released its quarterly earnings data on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.84 billion. Hennes & Mauritz had a return on equity of 33.70% and a net margin of 5.94%. On average, research analysts predict that Hennes & Mauritz will post 0.17 earnings per share for the current year.

Hennes & Mauritz Company Profile

(Get Free Report)

Hennes & Mauritz AB, commonly known as H&M Group, is a Swedish fashion and retail company that designs, sources and sells clothing, accessories, footwear, beauty products and home furnishings. Its brands serve a broad range of customers through physical stores, digital platforms and e-commerce channels.

The company’s portfolio includes H&M, COS, Weekday, & Other Stories, ARKET and other fashion and lifestyle concepts. H&M is known for offering trend-focused apparel and accessories, while the group’s other brands generally target distinct segments ranging from contemporary and premium fashion to home goods and resale.

H&M was founded in 1947 by Erling Persson in Västerås, Sweden, originally under the name Hennes.

See Also