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

Key Points

• Short interest for Hennes & Mauritz AB (OTCMKTS:HNNMY) surged by 286.7% in September, increasing from 11,300 shares to 43,700 shares.
• The company's stock price is up 1.3%, reaching $3.72, with a market capitalization of $26.21 billion and a debt-to-equity ratio of 1.16.
• Analysts have mixed ratings for the stock, with one giving it a Strong Buy, five categorizing it as a Hold, and two recommending a Sell.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 43,700 shares, a growth of 286.7% from the September 15th total of 11,300 shares. Based on an average daily volume of 144,800 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 144,800 shares, the days-to-cover ratio is presently 0.3 days.

Hennes & Mauritz Stock Up 1.3%

Shares of OTCMKTS HNNMY traded up $0.05 during mid-day trading on Friday, reaching $3.72. 53,711 shares of the company's stock were exchanged, compared to its average volume of 65,981. The firm has a market capitalization of $26.21 billion, a price-to-earnings ratio of 26.56 and a beta of 1.35. The company has a current ratio of 1.00, a quick ratio of 0.46 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $3.24 and a 200 day simple moving average of $2.94. Hennes & Mauritz has a twelve month low of $2.37 and a twelve month high of $3.79.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $56.77 billion. Hennes & Mauritz had a return on equity of 26.34% and a net margin of 4.80%. As a group, equities analysts expect that Hennes & Mauritz will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HNNMY shares. Citigroup reissued a "sell" rating on shares of Hennes & Mauritz in a report on Friday, September 26th. Zacks Research raised Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Hennes & Mauritz in a research note on Wednesday, September 3rd. Finally, Berenberg Bank raised Hennes & Mauritz to a "strong-buy" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently 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.

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