Hennes & Mauritz AB (OTCMKTS:HNNMY) Short Interest Down 76.8% in August

Key Points

• Short interest plunged 76.8% in August to 18,279 shares, representing 0.0% of shares outstanding and just 0.1 days to cover based on average trading volume.
• H&M shares opened at $3.35, near the lower end of their 52-week range of $3.07 to $4.25, with a $23.52 billion market capitalization.
• The company narrowly missed quarterly earnings expectations, reporting $0.05 EPS versus $0.06 expected, while analysts remain cautious: four rate the stock Hold and three rate it Sell, for an overall “Reduce” rating.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 18,279 shares, a decrease of 76.8% from the August 15th total of 78,758 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 274,656 shares, the days-to-cover ratio is presently 0.1 days.

Hennes & Mauritz Stock Performance

Shares of OTCMKTS:HNNMY opened at $3.35 on Friday. The stock has a market capitalization of $23.52 billion, a price-to-earnings ratio of 20.94 and a beta of 1.12. 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 business's fifty day moving average price is $3.54 and its two-hundred day moving average price is $3.59. Hennes & Mauritz has a fifty-two week low of $3.07 and a fifty-two week high of $4.25.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Pareto Securities downgraded shares of Hennes & Mauritz to a "sell" rating in a report on Friday, June 26th. Citigroup reiterated a "neutral" rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Finally, Zacks Research upgraded Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a research note on Friday, August 14th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Hennes & Mauritz has an average rating of "Reduce".

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion retailer that sells clothing, accessories, footwear, beauty products and home furnishings. Its business spans design, sourcing, retail and online sales, with products aimed at women, men and children across a range of price points.

The company was founded in 1947 by Erling Persson as a women's clothing store called Hennes in Västerås, Sweden. After acquiring the hunting and menswear retailer Mauritz Widforss in 1968, it adopted the Hennes & Mauritz name and expanded into menswear and children's apparel.

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