Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) Stock Short Interest Jumps 362.9%

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 287 shares, a growth of 362.9% from the October 15th total of 62 shares. Based on an average trading volume of 1,168 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Nordea Equity Research upgraded Hemnet Group to a “buy” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Hemnet Group Price Performance

OTCMKTS:HMNTY opened at $7.71 on Wednesday. Hemnet Group has a 12 month low of $6.40 and a 12 month high of $21.61. The business’s fifty day moving average price is $7.42 and its 200 day moving average price is $10.34.

Hemnet Group Company Profile

Hemnet Group operates Hemnet, a Swedish online property marketplace that helps people search for homes for sale and connects homebuyers and sellers with real estate agents. The platform features residential property listings across Sweden. Hemnet also provides services related to advertising and promoting property listings, along with tools and information for consumers and real estate professionals. The company was founded in 1998 and focuses primarily on the Swedish housing market.