Hemnet Group AB - Unsponsored ADR (OTCMKTS:HMNTY) Sees Large Decline in Short Interest

Key Points

• Hemnet Group AB's short interest saw a significant decline, dropping by 66.7% in September, with only 100 shares reported as of September 30th.
• The stock price for Hemnet Group increased by 1.4%, reaching $23.20, with a notable trading volume of 14,571 shares.
• Analyst ratings have shifted, with Cantor Fitzgerald upgrading Hemnet Group to a "hold" rating, contributing to an overall average rating of "Hold" for the stock.

Hemnet Group AB - Unsponsored ADR (OTCMKTS:HMNTY - Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 100 shares, a decline of 66.7% from the September 15th total of 300 shares. Based on an average trading volume of 2,100 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 2,100 shares, the short-interest ratio is presently 0.0 days.

Hemnet Group Stock Up 1.4%

Shares of HMNTY stock traded up $0.31 during mid-day trading on Friday, reaching $23.20. The stock had a trading volume of 14,571 shares, compared to its average volume of 3,086. The business's fifty day moving average is $26.30 and its 200-day moving average is $30.21. Hemnet Group has a 1-year low of $22.75 and a 1-year high of $40.22.

Analyst Ratings Changes

Separately, Cantor Fitzgerald raised Hemnet Group to a "hold" rating in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Hemnet Group presently has an average rating of "Hold".

Hemnet Group Company Profile

Hemnet Group AB (publ) operates a residential property platform in Sweden. Its platform gathers various property buyers, sellers, and real estate agents in one place. The company was founded in 1998 and is headquartered in Stockholm, Sweden.

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