Hermes International SA - Unsponsored ADR (OTCMKTS:HESAY) Sees Large Growth in Short Interest

Key Points

• Hermes International SA experienced a significant increase in short interest of 209.4% in August, rising from 3,200 shares to 9,900 shares.
• The company's stock is currently down 0.7%, trading at $246.00, with an average trading volume of 48,233 shares.
• Analysts have mixed ratings on the stock, with several downgrading it to a "hold" rating, resulting in an average rating of "Hold."

Hermes International SA - Unsponsored ADR (OTCMKTS:HESAY - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 9,900 shares, a growth of 209.4% from the August 15th total of 3,200 shares. Based on an average trading volume of 79,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's stock are short sold. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 79,900 shares, the days-to-cover ratio is currently 0.1 days.

Hermes International Stock Performance

Shares of HESAY stock traded down $0.82 during trading hours on Wednesday, reaching $250.99. 71,774 shares of the company traded hands, compared to its average volume of 44,768. Hermes International has a 12-month low of $206.66 and a 12-month high of $303.00. The company has a quick ratio of 3.49, a current ratio of 4.26 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $254.34 and a 200 day moving average price of $264.83.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group downgraded Hermes International from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Hsbc Global Res downgraded Hermes International from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Finally, DZ Bank upgraded Hermes International from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Hermes International presently has a consensus rating of "Hold".

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.