Short Interest in Hugo Boss (OTCMKTS:BOSSY) Drops By 80.1%

Hugo Boss (OTCMKTS:BOSSY) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,480 shares, a decrease of 80.1% from the June 15th total of 7,419 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 384 shares, the short-interest ratio is presently 3.9 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of Hugo Boss in a research report on Monday, May 11th. DZ Bank cut Hugo Boss from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Hugo Boss Stock Performance

Shares of OTCMKTS BOSSY opened at $8.50 on Monday. Hugo Boss has a 12-month low of $8.00 and a 12-month high of $10.21. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.90 and a beta of 0.55. The company has a current ratio of 1.56, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $8.58 and a 200 day moving average of $8.58.

Hugo Boss (OTCMKTS:BOSSY) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.19). Hugo Boss had a return on equity of 15.66% and a net margin of 5.56%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. On average, research analysts anticipate that Hugo Boss will post 0.62 earnings per share for the current year.

About Hugo Boss

Hugo Boss AG is a German luxury fashion group that designs, produces and distributes a broad range of apparel, accessories and footwear under its two core brands, BOSS and HUGO. The company’s product portfolio spans men’s and women’s business wear, casual collections and athleisure, as well as fragrances, eyewear and leather goods. Hugo Boss operates through a multi-channel network that includes directly operated retail stores, e-commerce platforms and wholesale partnerships with department stores and specialty retailers.

Founded in 1924 by Hugo Ferdinand Boss and headquartered in Metzingen, Germany, the company originally produced workwear and uniforms before pivoting to high-end fashion in the latter half of the 20th century.