Hermes International SA - Unsponsored ADR (OTCMKTS:HESAY) Sees Significant Decline in Short Interest

Key Points

• Hermes International SA's short interest decreased by 37.4% in September, falling from 9,900 shares to 6,200 shares.
• Analysts have downgraded Hermes International's stock to a "hold" rating, with four analysts rating it as such amid fluctuations in the market.
• The stock is currently trading at $254.00, with a 50-day moving average of $246.86, reflecting a significant range between its one-year low of $206.66 and high of $303.00.

Hermes International SA - Unsponsored ADR (OTCMKTS:HESAY - Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 6,200 shares, a decline of 37.4% from the August 31st total of 9,900 shares. Based on an average daily volume of 107,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 107,000 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HESAY shares. Hsbc Global Res cut Hermes International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. UBS Group cut Hermes International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, DZ Bank upgraded Hermes International from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, Hermes International has a consensus rating of "Hold".

Hermes International Stock Performance

OTCMKTS:HESAY traded up $2.73 during trading hours on Friday, reaching $254.00. The company had a trading volume of 33,852 shares, compared to its average volume of 50,156. The stock has a 50-day moving average of $246.86 and a two-hundred day moving average of $262.46. Hermes International has a one year low of $206.66 and a one year high of $303.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.65 and a current ratio of 4.50.

Hermes International Company Profile

Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods. The company offers leather goods and saddlery, such as bags for men and women, travel articles, small leather goods and accessories, saddles, bridles, and a full range of equestrian products and clothing; ready-to-wear garments for men and women; and accessories, including jewelry, belts, hats, gloves, the Internet of Things products, and shoes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.