Short Interest in H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Grows By 105.4%

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 76,400 shares, an increase of 105.4% from the April 30th total of 37,200 shares. Based on an average daily volume of 112,400 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

HNNMY has been the topic of several analyst reports. Hsbc Global Res lowered shares of H & M Hennes & Mauritz AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

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

Shares of OTCMKTS HNNMY traded down $0.07 during midday trading on Monday, hitting $2.81. The stock had a trading volume of 68,824 shares, compared to its average volume of 103,830. 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 stock has a 50 day simple moving average of $2.78 and a 200-day simple moving average of $2.72. The company has a market capitalization of $19.90 billion, a PE ratio of 20.07 and a beta of 1.29. H & M Hennes & Mauritz AB has a 1 year low of $2.37 and a 1 year high of $3.69.

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

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.