Hermes International SA - Unsponsored ADR (OTCMKTS:HESAY) Short Interest Up 259.7% in September

Key Points

• The short interest in Hermes International (OTCMKTS:HESAY) surged by 259.7% in September, increasing from 6,200 shares to 22,300 shares.
• Recent stock performance saw HESAY trade at $256.96, with a current ratio of 4.50 and a debt-to-equity ratio of 0.10.
• Analysts' ratings for HESAY vary, with DZ Bank upgrading it to a "strong-buy" while HSBC Global Res and UBS Group downgraded it to a "hold."

Hermes International SA - Unsponsored ADR (OTCMKTS:HESAY - Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 22,300 shares, an increase of 259.7% from the September 15th total of 6,200 shares. Based on an average daily trading volume, of 83,300 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 83,300 shares, the days-to-cover ratio is presently 0.3 days.

Hermes International Stock Performance

Shares of OTCMKTS HESAY traded up $4.73 during trading on Friday, reaching $256.96. 43,721 shares of the stock traded hands, compared to its average volume of 65,983. The company has a quick ratio of 3.65, a current ratio of 4.50 and a debt-to-equity ratio of 0.10. Hermes International has a 52-week low of $206.66 and a 52-week high of $303.00. The company has a 50-day moving average of $245.55 and a 200-day moving average of $261.02.

Wall Street Analyst Weigh In

HESAY has been the subject of a number of research analyst reports. DZ Bank raised Hermes International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 8th. Hsbc Global Res lowered Hermes International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Finally, UBS Group downgraded shares of Hermes International from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

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.

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