Hennes & Mauritz AB (OTCMKTS:HNNMY) Sees Significant Decrease in Short Interest

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 11,300 shares, a drop of 45.7% from the August 31st total of 20,800 shares. Based on an average daily volume of 159,400 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 159,400 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HNNMY. Citigroup reaffirmed a “sell” rating on shares of Hennes & Mauritz in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hennes & Mauritz in a research report on Wednesday, September 3rd. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, Berenberg Bank upgraded Hennes & Mauritz to a “strong-buy” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Hennes & Mauritz Stock Performance

Shares of OTCMKTS HNNMY opened at $3.78 on Monday. The company has a quick ratio of 0.46, a current ratio of 1.00 and a debt-to-equity ratio of 1.22. The firm’s 50-day moving average price is $3.06 and its two-hundred day moving average price is $2.88. The stock has a market capitalization of $26.65 billion, a P/E ratio of 27.00 and a beta of 1.35. Hennes & Mauritz has a 52-week low of $2.37 and a 52-week high of $3.78.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Hennes & Mauritz had a return on equity of 26.33% and a net margin of 4.80%.The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $56.77 billion. As a group, sell-side analysts forecast that Hennes & Mauritz will post 0.15 earnings per share for the current year.

About Hennes & Mauritz

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.