Hennes & Mauritz AB (OTCMKTS:HNNMY) Short Interest Down 79.6% in July

Hennes & Mauritz AB (OTCMKTS:HNNMY – Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 8,313 shares, a drop of 79.6% from the July 15th total of 40,695 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 267,408 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HNNMY shares. Zacks Research cut shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. Three research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Sell”.

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Hennes & Mauritz Stock Performance

HNNMY stock traded up $0.05 during trading hours on Thursday, hitting $3.64. 91,722 shares of the stock were exchanged, compared to its average volume of 145,625. Hennes & Mauritz has a 12 month low of $2.83 and a 12 month high of $4.25. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $25.56 billion, a P/E ratio of 22.75 and a beta of 1.11. The company has a 50-day simple moving average of $3.46 and a two-hundred day simple moving average of $3.65.

Hennes & Mauritz (OTCMKTS:HNNMY – Get Free Report) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.79 billion. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. On average, analysts forecast that Hennes & Mauritz will post 0.17 earnings per share for the current fiscal year.

About Hennes & Mauritz

(Get Free Report)

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.

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