Short Interest in Hennes & Mauritz AB (OTCMKTS:HNNMY) Decreases By 79.6%

Key Points

• Short interest in Hennes & Mauritz fell 79.6%, dropping to 8,313 shares as of July 31 from 40,695 shares on July 15. Short interest represented approximately 0.0% of shares outstanding, with a days-to-cover ratio of 0.0.
• Analyst sentiment remains negative: Zacks Research downgraded the stock to “strong sell,” Pareto Securities issued a “sell” rating, and the consensus rating is “Strong Sell” from three Hold and four Sell ratings.
• H&M reported quarterly EPS of $0.05, missing the $0.06 consensus estimate, while revenue of $5.90 billion exceeded expectations of $5.79 billion. The stock opened at $3.65, within its 52-week range of $2.81 to $4.25.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 8,313 shares, a decrease of 79.6% from the July 15th total of 40,695 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 267,408 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HNNMY. Zacks Research cut Hennes & Mauritz from a "hold" rating to a "strong sell" rating in a report on Thursday, July 16th. Pareto Securities lowered Hennes & Mauritz to a "sell" rating in a report on Friday, June 26th. Three investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Strong Sell".

Hennes & Mauritz Price Performance

Hennes & Mauritz stock opened at $3.65 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.07. Hennes & Mauritz has a 52 week low of $2.81 and a 52 week high of $4.25. The stock has a market capitalization of $25.63 billion, a P/E ratio of 22.81 and a beta of 1.11. The stock has a fifty day moving average of $3.45 and a 200-day moving average of $3.65.

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

Hennes & Mauritz Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source