Hennes & Mauritz AB (OTCMKTS:HNNMY) Shares Shorted: Short Interest Down 48.5% in October

Hennes & Mauritz AB (OTCMKTS:HNNMY – Get Free Report) was the target of a large 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. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 832,359 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

HNNMY has been the topic of a number of research analyst reports. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

Read Our Latest Stock Analysis on HNNMY

Hennes & Mauritz Stock Up 0.3%

Shares of HNNMY traded up $0.01 during mid-day trading on Friday, reaching $3.55. The company had a trading volume of 47,066 shares, compared to its average volume of 326,134. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a 50-day moving average price of $3.40 and a 200 day moving average price of $3.60. Hennes & Mauritz has a 52 week low of $3.07 and a 52 week high of $4.25. The company has a market capitalization of $24.92 billion, a price-to-earnings ratio of 20.88 and a beta of 1.17.

Hennes & Mauritz (OTCMKTS:HNNMY – Get Free Report) last posted 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 company 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, sell-side analysts forecast that Hennes & Mauritz will post 0.17 EPS 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.

Further Reading

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