Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) Sees Large Drop in Short Interest

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 978 shares, a decrease 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. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,681 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

HMNTY has been the subject of a number of research reports. Cantor Fitzgerald downgraded Hemnet Group to a “strong sell” rating in a report on Tuesday, January 27th. BNP Paribas Exane cut shares of Hemnet Group to an “underperform” rating in a research note on Monday, January 26th. Finally, Zacks Research upgraded shares of Hemnet Group to a “hold” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hemnet Group Trading Up 0.1%

Shares of HMNTY stock traded up $0.02 during trading hours on Friday, hitting $14.97. 490 shares of the company’s stock were exchanged, compared to its average volume of 1,601. The firm has a 50 day moving average of $17.33 and a two-hundred day moving average of $21.92. Hemnet Group has a fifty-two week low of $14.26 and a fifty-two week high of $40.22.

About Hemnet Group

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.