Hennes & Mauritz AB (OTCMKTS:HNNMY) Short Interest Up 69.6% in July

Key Points

• Short interest in Hennes & Mauritz AB increased by 69.6% in July, totaling 54,100 shares by July 31st, which reflects a significant uptick from 31,900 shares on July 15th.
• The company's earnings per share for the most recent quarter matched the consensus estimate at $0.05, with revenues reported at $5.75 billion, falling short of analysts' expectations.
• Berenberg Bank upgraded Hennes & Mauritz shares to a "strong-buy" rating, though the stock is currently holding an average rating of "Hold" among analysts.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 54,100 shares, agrowthof69.6% from the July 15th total of 31,900 shares. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 311,100 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 311,100 shares, the short-interest ratio is presently 0.2 days. Currently,0.0% of the shares of the company are sold short.

Hennes & Mauritz Stock Performance

HNNMY traded up $0.10 on Friday, reaching $3.02. The company had a trading volume of 53,485 shares, compared to its average volume of 122,231. 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 stock has a market cap of $21.29 billion, a P/E ratio of 23.23 and a beta of 1.22. Hennes & Mauritz has a fifty-two week low of $2.37 and a fifty-two week high of $3.59. The company's fifty day moving average is $2.80 and its 200 day moving average is $2.76.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.05. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $58.11 billion. Hennes & Mauritz had a net margin of 4.35% and a return on equity of 23.48%. As a group, analysts predict that Hennes & Mauritz will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HNNMY. Berenberg Bank upgraded shares of Hennes & Mauritz to a "strong-buy" rating in a research note on Friday, August 1st. Zacks Research upgraded shares of Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold".

About Hennes & Mauritz

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.