Hennes & Mauritz AB (OTCMKTS:HNNMY) Sees Large Increase in Short Interest

Key Points

• Short interest surged 847.4% to 78,758 shares as of August 14, up from 8,313 shares on July 30. The days-to-cover ratio remained low at 0.5 days.
• HNNMY shares traded at $3.86, within a 52-week range of $2.83 to $4.25, while the company reported quarterly EPS of $0.05—below the $0.06 consensus—but revenue of $5.90 billion, above estimates.
• Analyst sentiment was generally negative: four analysts rated the stock Hold and three rated it Sell, producing a consensus rating of “Reduce.”

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 78,758 shares, an increase of 847.4% from the July 30th total of 8,313 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 164,445 shares, the days-to-cover ratio is currently 0.5 days.

Hennes & Mauritz Price Performance

Shares of HNNMY traded up $0.01 on Tuesday, hitting $3.86. The company's stock had a trading volume of 61,162 shares, compared to its average volume of 121,560. Hennes & Mauritz has a fifty-two week low of $2.83 and a fifty-two week high of $4.25. The company has a 50 day moving average price of $3.50 and a 200 day moving average price of $3.64. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.53. The company has a market capitalization of $27.11 billion, a PE ratio of 24.13 and a beta of 1.11.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last issued its earnings results on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.79 billion. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. On average, research analysts anticipate that Hennes & Mauritz will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HNNMY has been the topic of several research analyst reports. Pareto Securities cut Hennes & Mauritz to a "sell" rating in a research note on Friday, June 26th. Citigroup reissued a "neutral" rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Finally, Zacks Research upgraded shares of Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a report on Friday, August 14th. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce".

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women's clothing store called Hennes ("hers") in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M's core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.

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