Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) Short Interest Update

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 318 shares, an increase of 68.3% from the August 15th total of 189 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 249 shares, the short-interest ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

Separately, Nordea Equity Research upgraded Hemnet Group to a “buy” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Hemnet Group Stock Up 1.2%

OTCMKTS:HMNTY opened at $7.89 on Friday. The firm’s 50 day moving average is $9.39 and its two-hundred day moving average is $10.44. Hemnet Group has a fifty-two week low of $7.01 and a fifty-two week high of $28.00.

About Hemnet Group

Hemnet Group AB operates Hemnet, Sweden’s leading online property marketplace. The platform connects people looking to buy, sell, or find homes with real estate agents and property advertisers. Users can search residential properties, view listing details and images, save searches, and receive updates on homes that match their preferences.

Hemnet provides real estate agencies and property sellers with digital marketing and listing services designed to promote homes to prospective buyers.