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

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY - Get Free Report) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 32,600 shares, a decline of 57.3% from the May 15th total of 76,400 shares. Based on an average daily volume of 186,300 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

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

Shares of HNNMY traded down $0.07 on Friday, reaching $2.70. The stock had a trading volume of 126,726 shares, compared to its average volume of 108,645. The firm has a market capitalization of $19.04 billion, a PE ratio of 19.29 and a beta of 1.25. The company has a quick ratio of 0.55, a current ratio of 1.14 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average of $2.82 and a 200 day moving average of $2.73. H & M Hennes & Mauritz AB has a twelve month low of $2.37 and a twelve month high of $3.69.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $56.15 billion. H & M Hennes & Mauritz AB (publ) had a return on equity of 25.89% and a net margin of 4.93%. Sell-side analysts expect that H & M Hennes & Mauritz AB will post 0.15 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on HNNMY. Barclays cut H & M Hennes & Mauritz AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Hsbc Global Res cut H & M Hennes & Mauritz AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold".

About H & M Hennes & Mauritz AB (publ)

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.

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