Short Interest in Hennes & Mauritz AB (OTCMKTS:HNNMY) Decreases By 76.8%

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 18,279 shares, a decrease of 76.8% from the August 15th total of 78,758 shares. Based on an average daily trading volume, of 274,656 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Several research firms have recently weighed in on HNNMY. Zacks Research raised shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Finally, Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Hennes & Mauritz currently has an average rating of “Reduce”.

Hennes & Mauritz Price Performance

Shares of OTCMKTS HNNMY remained flat at $3.35 during midday trading on Friday. 288,146 shares of the stock traded hands, compared to its average volume of 148,856. The stock has a market capitalization of $23.52 billion, a price-to-earnings ratio of 20.94 and a beta of 1.12. The company’s 50-day moving average price is $3.54 and its two-hundred day moving average price is $3.59. Hennes & Mauritz has a twelve month low of $3.07 and a twelve month high of $4.25. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.53.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. The company had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.79 billion. Analysts anticipate that Hennes & Mauritz will post 0.17 EPS for the current fiscal year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion retailer that sells clothing, accessories, footwear, beauty products and home furnishings. Its business spans design, sourcing, retail and online sales, with products aimed at women, men and children across a range of price points.

The company was founded in 1947 by Erling Persson as a women’s clothing store called Hennes in Västerås, Sweden. After acquiring the hunting and menswear retailer Mauritz Widforss in 1968, it adopted the Hennes & Mauritz name and expanded into menswear and children’s apparel.