Hammerson Plc (OTCMKTS:HMSNF) Short Interest Down 44.6% in May

Hammerson Plc (OTCMKTS:HMSNF) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 780,000 shares, a drop of 44.6% from the May 15th total of 1,407,300 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is currently 975.0 days. Currently, 0.2% of the company’s shares are short sold.

Hammerson Stock Performance

Shares of HMSNF stock traded up $0.02 during trading hours on Monday, reaching $4.03. The company had a trading volume of 3,647 shares, compared to its average volume of 2,621. The company has a 50 day moving average of $3.49 and a 200 day moving average of $3.34. Hammerson has a 1-year low of $2.98 and a 1-year high of $4.25.

Analyst Ratings Changes

A number of brokerages have commented on HMSNF. The Goldman Sachs Group upgraded Hammerson to a “neutral” rating in a research note on Tuesday, March 25th. Barclays lowered Hammerson from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 29th.

Hammerson Company Profile

Hammerson is a cities business. An owner, operator and developer of prime urban real estate, with a portfolio value of £4.7billion (as at 30 June 2023), in some of the fastest growing cities in the UK, Ireland and France. Our portfolio and adjacent lands leverage our experience and capabilities to create and manage exceptional city centre destinations with the opportunity to drive value and reshape entire neighbourhoods.