Short Interest in Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) Drops By 44.1%

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTYGet Free Report) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 978 shares, a drop of 44.1% from the January 15th total of 1,748 shares. Based on an average daily volume of 2,681 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,681 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

HMNTY has been the topic of several recent research reports. Cantor Fitzgerald lowered Hemnet Group to a “strong sell” rating in a report on Tuesday, January 27th. BNP Paribas Exane downgraded Hemnet Group to an “underperform” rating in a report on Monday, January 26th. Finally, Zacks Research raised Hemnet Group to a “hold” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Sell”.

Read Our Latest Stock Analysis on HMNTY

Hemnet Group Stock Down 0.1%

Shares of HMNTY traded down $0.01 during mid-day trading on Friday, hitting $14.97. 490 shares of the company’s stock were exchanged, compared to its average volume of 2,163. The stock’s 50-day moving average is $17.39 and its 200-day moving average is $22.02. Hemnet Group has a fifty-two week low of $14.26 and a fifty-two week high of $40.22.

Hemnet Group Company Profile

(Get Free Report)

Hemnet Group AB (OTCMKTS: HMNTY) is a leading digital real estate marketplace based in Stockholm, Sweden. The company operates Sweden’s largest property portal, offering homebuyers, sellers and real estate agents a centralized platform for residential property listings. Through its website and mobile applications, Hemnet facilitates the search for homes for sale and rent, providing detailed property descriptions, high-resolution images and interactive maps to help users make informed decisions.

Since its founding in 1998, Hemnet has expanded its services beyond basic listings to include market analysis tools, pricing estimates and trend reports that offer insights into regional property values and sales activity.

Further Reading

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