Short Interest in Harvey Norman Holdings Limited (OTCMKTS:HNORY) Drops By 96.4%

Harvey Norman Holdings Limited (OTCMKTS:HNORY) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2 shares, a decrease of 96.4% from the May 31st total of 56 shares. Based on an average trading volume of 245 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group started coverage on shares of Harvey Norman in a research note on Monday, May 18th. They set a “sell” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Harvey Norman Price Performance

Harvey Norman stock remained flat at $15.62 during midday trading on Friday. Harvey Norman has a 12-month low of $12.14 and a 12-month high of $17.64. The company’s 50 day moving average price is $13.56 and its 200-day moving average price is $12.87.

About Harvey Norman

Harvey Norman Holdings Limited is a global multi‐category retailer specializing in the sale of furniture, bedding, electrical appliances, computing and communications equipment, kitchen products and home entertainment systems. Operating primarily through a franchise model, the company offers a wide range of branded and private‐label goods to both consumer and business customers. In addition to traditional brick‐and‐mortar showrooms, Harvey Norman maintains e-commerce platforms across its key markets, enabling an integrated omnichannel shopping experience.

Founded in 1982 by Gerry Harvey and Ian Norman in Sydney, Australia, Harvey Norman has grown from a single store into one of the country’s largest home and lifestyle retailers.