Short Interest in Hennes & Mauritz AB (OTCMKTS:HNNMY) Increases By 69.6%

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) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 54,100 shares, anincreaseof69.6% from the July 15th total of 31,900 shares. Based on an average daily volume of 311,100 shares, the days-to-cover ratio is currently 0.2 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 311,100 shares, the days-to-cover ratio is currently 0.2 days.

Hennes & Mauritz Price Performance

Shares of HNNMY remained flat at $2.96 during mid-day trading on Monday. 171,303 shares of the company traded hands, compared to its average volume of 136,372. The business has a fifty day moving average of $2.79 and a 200-day moving average of $2.76. The company has a current ratio of 1.00, a quick ratio of 0.46 and a debt-to-equity ratio of 1.22. Hennes & Mauritz has a twelve month low of $2.37 and a twelve month high of $3.59. The company has a market cap of $20.87 billion, a PE ratio of 22.77 and a beta of 1.22.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last released its earnings results on Wednesday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Hennes & Mauritz had a net margin of 4.35% and a return on equity of 23.48%. The business had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $58.11 billion. On average, sell-side analysts expect that Hennes & Mauritz will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of Hennes & Mauritz to a "strong-buy" rating in a research report on Friday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. Based on 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.

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