Hennes & Mauritz AB (OTCMKTS:HNNMY) Short Interest Update

Hennes & Mauritz AB (OTCMKTS:HNNMY) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 25,260 shares, a decrease of 72.6% from the November 30th total of 92,295 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 149,694 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 149,694 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Hennes & Mauritz Price Performance

Hennes & Mauritz stock opened at $3.98 on Thursday. The company has a market capitalization of $28.05 billion, a price-to-earnings ratio of 28.41 and a beta of 1.20. The company has a current ratio of 1.00, a quick ratio of 0.46 and a debt-to-equity ratio of 1.16. Hennes & Mauritz has a 12 month low of $2.37 and a 12 month high of $4.17. The stock’s 50 day moving average is $3.74 and its 200-day moving average is $3.26.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Hennes & Mauritz had a return on equity of 26.34% and a net margin of 4.80%.The business had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $56.77 billion. Equities research analysts expect that Hennes & Mauritz will post 0.15 EPS for the current year.

Analysts Set New Price Targets

HNNMY has been the subject of a number of research analyst reports. Oddo Bhf upgraded Hennes & Mauritz to a “neutral” rating in a report on Thursday, December 18th. Citigroup raised Hennes & Mauritz from a “sell” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hennes & Mauritz in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hennes & Mauritz presently has an average rating of “Hold”.

About Hennes & Mauritz

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.