Hennes & Mauritz AB (OTCMKTS:HNNMY) Short Interest Update

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 50,348 shares, a growth of 175.4% from the August 31st total of 18,279 shares. Based on an average trading volume of 419,702 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hennes & Mauritz Price Performance

OTCMKTS HNNMY opened at $3.21 on Tuesday. The firm’s fifty day simple moving average is $3.53 and its two-hundred day simple moving average is $3.53. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. Hennes & Mauritz has a 12-month low of $3.18 and a 12-month high of $4.25. The firm has a market capitalization of $22.54 billion, a P/E ratio of 18.88 and a beta of 1.12.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Hennes & Mauritz had a return on equity of 33.62% and a net margin of 5.94%.The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.84 billion. Analysts forecast that Hennes & Mauritz will post 0.17 EPS for the current fiscal year.

Analyst Ratings Changes

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

About Hennes & Mauritz

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.