Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) Sees Significant Growth in Short Interest

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 3,331 shares, a growth of 678.3% from the March 15th total of 428 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 781 shares, the short-interest ratio is currently 4.3 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. BNP Paribas Exane cut shares of Hemnet Group to an “underperform” rating in a report on Monday, January 26th. Cantor Fitzgerald lowered Hemnet Group to a “strong sell” rating in a report on Tuesday, January 27th. Finally, Zacks Research raised Hemnet Group to a “hold” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hemnet Group has an average rating of “Sell”.

Hemnet Group Price Performance

HMNTY stock remained flat at $11.55 during trading hours on Friday. 276 shares of the company’s stock traded hands, compared to its average volume of 326. The stock has a 50 day moving average of $12.88 and a 200 day moving average of $17.66. Hemnet Group has a 12 month low of $10.56 and a 12 month high of $40.22.

Hemnet Group Company Profile

Hemnet Group AB (OTCMKTS: HMNTY) is a leading digital real estate marketplace based in Stockholm, Sweden. The company operates Sweden’s largest property portal, offering homebuyers, sellers and real estate agents a centralized platform for residential property listings. Through its website and mobile applications, Hemnet facilitates the search for homes for sale and rent, providing detailed property descriptions, high-resolution images and interactive maps to help users make informed decisions.

Since its founding in 1998, Hemnet has expanded its services beyond basic listings to include market analysis tools, pricing estimates and trend reports that offer insights into regional property values and sales activity.