Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY – Get Free Report) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,200 shares, a decrease of 37.4% from the August 31st total of 9,900 shares. Based on an average daily volume of 107,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 107,000 shares, the days-to-cover ratio is presently 0.1 days.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. UBS Group downgraded Hermes International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. DZ Bank raised shares of Hermes International from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 5th. Finally, Hsbc Global Res lowered Hermes International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.
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Hermes International Stock Up 1.1%
Hermes International Company Profile
Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods. The company offers leather goods and saddlery, such as bags for men and women, travel articles, small leather goods and accessories, saddles, bridles, and a full range of equestrian products and clothing; ready-to-wear garments for men and women; and accessories, including jewelry, belts, hats, gloves, the Internet of Things products, and shoes.
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