Hennes & Mauritz AB (OTCMKTS:HNNMY) Short Interest Down 76.8% in August

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 18,279 shares, a decline of 76.8% from the August 15th total of 78,758 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 274,656 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Pareto Securities cut shares of Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. Finally, Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Hennes & Mauritz Price Performance

Hennes & Mauritz stock remained flat at $3.35 during trading hours on Friday. The company’s stock had a trading volume of 288,146 shares, compared to its average volume of 148,856. The business has a 50 day moving average of $3.54 and a 200 day moving average of $3.59. The company has a market capitalization of $23.52 billion, a PE ratio of 20.94 and a beta of 1.12. Hennes & Mauritz has a 1 year low of $3.07 and a 1 year high of $4.25. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.79 billion. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. Research analysts anticipate that Hennes & Mauritz will post 0.17 EPS for the current fiscal year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion retailer that sells clothing, accessories, footwear, beauty products and home furnishings. Its business spans design, sourcing, retail and online sales, with products aimed at women, men and children across a range of price points.

The company was founded in 1947 by Erling Persson as a women’s clothing store called Hennes in Västerås, Sweden. After acquiring the hunting and menswear retailer Mauritz Widforss in 1968, it adopted the Hennes & Mauritz name and expanded into menswear and children’s apparel.