Short Interest in H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Drops By 12.3%

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 19,300 shares, a decrease of 12.3% from the August 15th total of 22,000 shares. Based on an average daily trading volume, of 118,900 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

HNNMY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “buy” rating in a research note on Wednesday, July 3rd. HSBC upgraded H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a research note on Friday, July 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Stock Performance

Shares of HNNMY opened at $3.39 on Wednesday. The business’s fifty day moving average price is $3.07 and its 200 day moving average price is $3.15. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.08 and a quick ratio of 0.55. H & M Hennes & Mauritz AB has a 12-month low of $2.52 and a 12-month high of $3.69. The stock has a market capitalization of $24.00 billion, a PE ratio of 26.08 and a beta of 1.43.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last released its quarterly earnings data on Wednesday, June 26th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. H & M Hennes & Mauritz AB (publ) had a net margin of 4.70% and a return on equity of 24.48%. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.58 billion. Equities research analysts forecast that H & M Hennes & Mauritz AB will post 0.16 EPS for the current year.

H & M Hennes & Mauritz AB (publ) 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.