Hennes & Mauritz AB (OTCMKTS:HNNMY) Stock Short Interest Report for September

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 131,894 shares, a growth of 162.0% from the September 15th total of 50,348 shares. Based on an average daily volume of 723,375 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research analysts have commented on the company. Pareto Securities lowered Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Citigroup restated a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Hennes & Mauritz Stock Down 2.4%

Shares of OTCMKTS HNNMY opened at $3.20 on Tuesday. The firm has a market capitalization of $22.47 billion, a PE ratio of 18.82 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 1.16. Hennes & Mauritz has a 1 year low of $3.07 and a 1 year high of $4.25. The firm’s 50-day moving average is $3.47 and its 200-day moving average is $3.49.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.70%. The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.84 billion. Equities analysts expect that Hennes & Mauritz will post 0.17 EPS for the current year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion and retail company that sells clothing, accessories, footwear, beauty products and home furnishings. Its offerings are marketed through physical stores and digital sales channels, with products designed for women, men, teenagers and children.

Founded in 1947 by Erling Persson as a women’s clothing store called Hennes, the company later expanded into menswear and became Hennes & Mauritz following the acquisition of Mauritz Widforss in 1968.