Short Interest in Hennes & Mauritz AB (OTCMKTS:HNNMY) Declines By 45.7%

Key Points

• Short interest in Hennes & Mauritz AB declined by 45.7% in September, dropping to 11,300 shares from 20,800 shares in August.
• The stock's average rating is currently a "Hold," with one analyst giving it a Strong Buy rating, while five analysts suggest a Hold and two a Sell.
• Hennes & Mauritz reported an EPS of $0.04 for the quarter, exceeding the consensus estimate of $0.03, along with a revenue figure of $5.96 billion.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 11,300 shares, a drop of 45.7% from the August 31st total of 20,800 shares. Based on an average trading volume of 159,400 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 159,400 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

A number of equities analysts have issued reports on HNNMY shares. Zacks Research raised shares of Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Hennes & Mauritz in a research note on Wednesday, September 3rd. Citigroup restated a "sell" rating on shares of Hennes & Mauritz in a report on Friday, September 26th. Finally, Berenberg Bank upgraded shares of Hennes & Mauritz to a "strong-buy" rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold".

Hennes & Mauritz Stock Up 1.4%

Shares of Hennes & Mauritz stock traded up $0.05 during midday trading on Friday, reaching $3.78. 93,161 shares of the company's stock traded hands, compared to its average volume of 77,265. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 27.00 and a beta of 1.35. Hennes & Mauritz has a 52 week low of $2.37 and a 52 week high of $3.78. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.46 and a current ratio of 1.00. The company's 50 day simple moving average is $3.06 and its 200 day simple moving average is $2.87.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last announced its earnings results on Thursday, September 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Hennes & Mauritz had a net margin of 4.80% and a return on equity of 26.33%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $56.77 billion. Equities analysts expect that Hennes & Mauritz will post 0.15 earnings per share for the current fiscal year.

Hennes & Mauritz Company Profile

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.

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