Short Interest in Hennes & Mauritz AB (OTCMKTS:HNNMY) Increases By 612.8%

Hennes & Mauritz AB (OTCMKTS:HNNMY – Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 59,143 shares, an increase of 612.8% from the April 30th total of 8,297 shares. Based on an average daily volume of 323,637 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Several analysts recently issued reports on HNNMY shares. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a report on Wednesday, February 25th. Barclays downgraded Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hennes & Mauritz in a research note on Friday, January 30th. Finally, Dnb Carnegie downgraded Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Hennes & Mauritz presently has an average rating of “Hold”.

Get Hennes & Mauritz alerts:

Read Our Latest Analysis on HNNMY

Hennes & Mauritz Stock Up 0.3%

Shares of Hennes & Mauritz stock opened at $3.51 on Friday. The business has a 50-day moving average of $3.59 and a 200-day moving average of $3.78. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.18 and a quick ratio of 0.58. The company has a market capitalization of $24.75 billion, a PE ratio of 21.94 and a beta of 1.10. Hennes & Mauritz has a 1-year low of $2.50 and a 1-year high of $4.25.

Hennes & Mauritz (OTCMKTS:HNNMY – Get Free Report) last announced its earnings results on Thursday, March 26th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.63 billion. Hennes & Mauritz had a return on equity of 30.79% and a net margin of 5.48%. As a group, equities analysts forecast that Hennes & Mauritz will post 0.17 EPS 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.

See Also

• Five stocks we like better than Hennes & Mauritz
• MongoDB’s AI Advantage Is Starting to Show Up in Results
• MarketBeat Week in Review – 05/25 – 05/29
• Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
• Salesforce Stock Finds Support as AI Momentum Builds

Receive News & Ratings for Hennes & Mauritz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hennes & Mauritz and related companies with MarketBeat.com's FREE daily email newsletter.