Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) Sees Significant Drop in Short Interest

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 11,894 shares, a decline of 34.7% from the February 26th total of 18,210 shares. Based on an average daily trading volume, of 192,997 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Hermes International Price Performance

Hermes International stock traded down $2.56 during trading on Friday, hitting $185.44. The stock had a trading volume of 72,062 shares, compared to its average volume of 103,023. The stock’s 50 day moving average is $232.29 and its two-hundred day moving average is $243.15. Hermes International has a 1 year low of $185.00 and a 1 year high of $294.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.99 and a quick ratio of 4.19.

Analyst Ratings Changes

A number of analysts recently commented on HESAY shares. HSBC raised Hermes International from a “hold” rating to a “buy” rating in a research report on Tuesday, March 10th. Kepler Capital Markets upgraded Hermes International from a “hold” rating to a “buy” rating in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group upgraded Hermes International from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Hermes International currently has a consensus rating of “Buy”.

Hermes International Company Profile

Hermès International is a French luxury goods company renowned for its high-end leather goods, scarves, ready-to-wear apparel, watches, jewelry, fragrances and home accessories. Founded in 1837 as a harness and bridle workshop, the firm has evolved into one of the world’s most recognizable luxury maisons, known for artisanal craftsmanship, quality materials and a focus on timeless design. The company is headquartered in Paris and maintains a strong heritage identity that influences its product development and brand positioning.

Key product categories include leather goods and iconic handbags, silk scarves and ties, fashion and accessories, timepieces and fine jewelry, as well as fragrances and selected home collections.