Hugo Boss (OTCMKTS:BOSSY) Shares Shorted: Short Interest Down 70.3% in September

Hugo Boss (OTCMKTS:BOSSY) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 454 shares, a decline of 70.3% from the August 31st total of 1,531 shares. Based on an average daily volume of 110 shares, the short-interest ratio is presently 4.1 days. Currently, 0.0% of the shares of the company are sold short.

Hugo Boss Price Performance

Shares of Hugo Boss stock remained flat at $8.75 on Monday. The stock had a trading volume of 20 shares, compared to its average volume of 398. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.77 and a quick ratio of 0.79. The firm has a market capitalization of $3.02 billion, a P/E ratio of 11.82 and a beta of 0.56. The business has a 50-day simple moving average of $8.94 and a 200-day simple moving average of $8.72. Hugo Boss has a 1-year low of $8.00 and a 1-year high of $9.98.

Hugo Boss (OTCMKTS:BOSSY) last announced its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.34). Hugo Boss had a net margin of 5.34% and a return on equity of 14.10%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Sell-side analysts forecast that Hugo Boss will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BOSSY shares. Berenberg Bank raised shares of Hugo Boss to a “strong-buy” rating in a report on Tuesday, August 11th. DZ Bank lowered shares of Hugo Boss from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, Citigroup restated a “neutral” rating on shares of Hugo Boss in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

About Hugo Boss

Hugo Boss AG is a Germany-based fashion company that develops, markets and sells premium clothing, footwear and accessories under its BOSS and HUGO brands. Its product range includes tailored clothing, casualwear, athleisure, shoes, bags, watches, eyewear and fragrances for men and women.

The company was founded in 1924 by Hugo Ferdinand Boss and is headquartered in Metzingen, Germany. Hugo Boss serves customers internationally through its own retail stores, online channels, wholesale partners and selected distribution outlets across Europe, the Americas, Asia-Pacific and other global markets.

Hugo Boss is led by Chief Executive Officer Daniel Grieder, who has overseen the company since 2021.