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

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 3,557 shares, a growth of 89.4% from the September 15th total of 1,878 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,512 shares, the days-to-cover ratio is currently 2.4 days.

Hemnet Group Stock Performance

Hemnet Group stock opened at $6.94 on Friday. The business’s 50-day simple moving average is $8.33 and its 200 day simple moving average is $9.60. Hemnet Group has a 12-month low of $6.40 and a 12-month high of $25.48.

Analysts Set New Price Targets

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

About Hemnet Group

Hemnet Group AB operates Hemnet, Sweden’s leading online property platform. The company provides a marketplace where consumers can search for homes and real estate opportunities, including properties for sale and other housing-related listings.

Hemnet’s platform connects homebuyers and sellers with real estate agents and supports agents in marketing residential properties. Its services include property listings, search and discovery tools, market information, and digital advertising and promotional products designed to increase the visibility of properties.

Founded in 1998, Hemnet primarily serves the Swedish residential real estate market.