Short Interest in Hemnet Group AB - Unsponsored ADR (OTCMKTS:HMNTY) Rises By 3,400.0%

Key Points

• Hemnet Group AB experienced a massive increase in short interest in August, rising by 3,400.0% to reach 3,500 shares from just 100 shares at the end of July.
• The company’s stock price is currently at $24.94, down by $2.88 from previous trading sessions, with a significant 12-month trading range between $24.94 and $40.22.
• Hemnet Group operates a residential property platform in Sweden, connecting buyers, sellers, and real estate agents since its founding in 1998.

Hemnet Group AB - Unsponsored ADR (OTCMKTS:HMNTY - Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 3,500 shares, anincreaseof3,400.0% from the July 31st total of 100 shares. Based on an average daily volume of 5,400 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 5,400 shares, the short-interest ratio is presently 0.6 days.

Hemnet Group Price Performance

HMNTY traded up $0.54 during trading on Friday, reaching $27.82. 407 shares of the company's stock were exchanged, compared to its average volume of 2,236. The company's fifty day moving average price is $28.72 and its 200-day moving average price is $32.26. Hemnet Group has a fifty-two week low of $24.94 and a fifty-two week high of $40.22.

About Hemnet Group

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.