Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) Short Interest Update

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 318 shares, a growth of 68.3% from the August 15th total of 189 shares. Based on an average trading volume of 249 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Nordea Equity Research raised shares of Hemnet Group to a “buy” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Hemnet Group has a consensus rating of “Reduce”.

Hemnet Group Stock Performance

OTCMKTS:HMNTY opened at $7.50 on Friday. Hemnet Group has a 52 week low of $7.01 and a 52 week high of $26.91. The stock’s 50-day moving average price is $9.36 and its 200-day moving average price is $10.42.

Hemnet Group Company Profile

Hemnet Group AB operates Hemnet, Sweden’s leading online property marketplace. The platform connects people looking to buy, sell, or find homes with real estate agents and property advertisers. Users can search residential properties, view listing details and images, save searches, and receive updates on homes that match their preferences.

Hemnet provides real estate agencies and property sellers with digital marketing and listing services designed to promote homes to prospective buyers.