Short Interest in Hugo Boss (OTCMKTS:BOSSY) Grows By 1,633.4%

Hugo Boss (OTCMKTS:BOSSY – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 7,419 shares, an increase of 1,633.4% from the May 31st total of 428 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 3,210 shares, the short-interest ratio is presently 2.3 days.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. DZ Bank lowered Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Citigroup reissued a “neutral” rating on shares of Hugo Boss in a research note on Monday, May 11th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

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Hugo Boss Stock Performance

OTCMKTS BOSSY opened at $8.46 on Friday. The stock has a market cap of $2.92 billion, a PE ratio of 10.85 and a beta of 0.54. Hugo Boss has a 12 month low of $8.00 and a 12 month high of $10.21. The company’s 50-day moving average price is $8.63 and its 200-day moving average price is $8.57. The company has a current ratio of 1.56, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55.

Hugo Boss (OTCMKTS:BOSSY – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Hugo Boss had a net margin of 5.56% and a return on equity of 15.66%. Equities research analysts forecast that Hugo Boss will post 0.62 earnings per share for the current year.

Hugo Boss Company Profile

(Get Free Report)

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.

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