Hennes & Mauritz AB (OTCMKTS:HNNMY) Short Interest Update

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 78,758 shares, a growth of 847.4% from the July 30th total of 8,313 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 164,445 shares, the short-interest ratio is currently 0.5 days.

Analysts Set New Price Targets

HNNMY has been the subject of a number of research reports. Citigroup restated a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Finally, Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

Hennes & Mauritz Stock Down 2.5%

HNNMY traded down $0.09 during trading on Thursday, reaching $3.62. 40,493 shares of the stock traded hands, compared to its average volume of 144,966. The stock’s 50-day simple moving average is $3.51 and its two-hundred day simple moving average is $3.63. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.53. Hennes & Mauritz has a fifty-two week low of $2.83 and a fifty-two week high of $4.25. The stock has a market cap of $25.40 billion, a price-to-earnings ratio of 22.61 and a beta of 1.11.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its earnings results on Thursday, June 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%.The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.79 billion. As a group, equities research analysts expect that Hennes & Mauritz will post 0.17 EPS for the current year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.