Hugo Boss (OTCMKTS:BOSSY) Sees Large Increase in Short Interest

Hugo Boss (OTCMKTS:BOSSY) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 4,191 shares, an increase of 859.0% from the January 29th total of 437 shares. Based on an average daily trading volume, of 3,983 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,983 shares, the days-to-cover ratio is currently 1.1 days.

Hugo Boss Stock Performance

BOSSY stock remained flat at $8.47 during trading on Wednesday. 43 shares of the company were exchanged, compared to its average volume of 1,192. The firm has a market cap of $2.92 billion, a P/E ratio of 11.76 and a beta of 0.63. Hugo Boss has a one year low of $6.92 and a one year high of $10.21. The business has a fifty day simple moving average of $8.54 and a 200-day simple moving average of $9.02.

Analysts Set New Price Targets

BOSSY has been the subject of several research reports. Royal Bank Of Canada cut Hugo Boss from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Kepler Capital Markets upgraded shares of Hugo Boss to a “hold” rating in a report on Monday, December 8th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Hugo Boss currently has an average rating of “Hold”.

About Hugo Boss

Hugo Boss AG is a German luxury fashion group that designs, produces and distributes a broad range of apparel, accessories and footwear under its two core brands, BOSS and HUGO. The company’s product portfolio spans men’s and women’s business wear, casual collections and athleisure, as well as fragrances, eyewear and leather goods. Hugo Boss operates through a multi-channel network that includes directly operated retail stores, e-commerce platforms and wholesale partnerships with department stores and specialty retailers.

Founded in 1924 by Hugo Ferdinand Boss and headquartered in Metzingen, Germany, the company originally produced workwear and uniforms before pivoting to high-end fashion in the latter half of the 20th century.