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

Key Points

• Hennes & Mauritz AB experienced a 23.8% decline in short interest during August, with a total of 20,800 shares short sold as of August 31st.
• Equities analysts have rated Hennes & Mauritz with a consensus of "Hold"**,** with one strong buy, five hold, and one sell rating.
• As of the latest trading session, Hennes & Mauritz stock increased by 1.9% to a price of $3.29, with a market capitalization of $23.20 billion.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 20,800 shares, a decline of 23.8% from the August 15th total of 27,300 shares. Based on an average daily volume of 155,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 155,700 shares, the days-to-cover ratio is currently 0.1 days.

Hennes & Mauritz Trading Down 0.8%

Shares of OTCMKTS HNNMY traded down $0.03 during mid-day trading on Thursday, hitting $3.27. The stock had a trading volume of 32,964 shares, compared to its average volume of 65,514. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.46 and a current ratio of 1.00. Hennes & Mauritz has a 1 year low of $2.37 and a 1 year high of $3.59. The business has a 50 day moving average price of $2.92 and a two-hundred day moving average price of $2.81. The firm has a market cap of $23.06 billion, a P/E ratio of 25.16 and a beta of 1.25.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last issued its earnings results on Wednesday, June 25th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Hennes & Mauritz had a net margin of 4.35% and a return on equity of 23.48%. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $58.11 billion. On average, equities analysts anticipate that Hennes & Mauritz will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HNNMY shares. Zacks Research upgraded shares of Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. Berenberg Bank upgraded shares of Hennes & Mauritz to a "strong-buy" rating in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Hennes & Mauritz in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold".

Hennes & Mauritz Company Profile

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.