H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Sees Large Decrease in Short Interest

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 6,400 shares, a decrease of 15.8% from the October 31st total of 7,600 shares. Based on an average daily trading volume, of 116,200 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

HNNMY has been the subject of a number of recent analyst reports. Redburn Atlantic cut H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 31st. Royal Bank of Canada downgraded shares of H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Barclays upgraded shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, H & M Hennes & Mauritz AB (publ) has a consensus rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Stock Performance

Shares of HNNMY stock traded up $0.02 during trading hours on Monday, reaching $2.77. 147,215 shares of the company’s stock were exchanged, compared to its average volume of 40,276. H & M Hennes & Mauritz AB has a fifty-two week low of $2.54 and a fifty-two week high of $3.69. The stock has a market capitalization of $19.58 billion, a P/E ratio of 23.04 and a beta of 1.45. The business has a fifty day moving average price of $3.07 and a 200-day moving average price of $3.17. The company has a quick ratio of 0.55, a current ratio of 1.11 and a debt-to-equity ratio of 1.07.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last issued its quarterly earnings results on Thursday, September 26th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). H & M Hennes & Mauritz AB (publ) had a return on equity of 23.03% and a net margin of 4.30%. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.84 billion. Analysts predict that H & M Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

H & M Hennes & Mauritz AB (publ) Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio is presently 58.34%.

H & M Hennes & Mauritz AB (publ) Company Profile

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.