Hennes & Mauritz AB (OTCMKTS:HNNMY) Stock Short Interest Climbs 175.4%

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 50,348 shares, a growth of 175.4% from the August 31st total of 18,279 shares. Based on an average daily trading volume, of 419,702 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Hennes & Mauritz Stock Down 0.9%

Shares of Hennes & Mauritz stock traded down $0.03 during trading hours on Monday, hitting $3.20. The company had a trading volume of 344,409 shares, compared to its average volume of 158,487. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.53. The company’s 50-day moving average is $3.53 and its two-hundred day moving average is $3.54. The company has a market cap of $22.49 billion, a P/E ratio of 18.84 and a beta of 1.12. Hennes & Mauritz has a twelve month low of $3.18 and a twelve month high of $4.25.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.62%. The firm had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.84 billion. Analysts anticipate that Hennes & Mauritz will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on HNNMY shares. Pareto Securities cut shares of Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Zacks Research upgraded shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Hennes & Mauritz currently has an average rating of “Reduce”.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion retailer that sells clothing, accessories, footwear, beauty products and home furnishings. Its business spans design, sourcing, retail and online sales, with products aimed at women, men and children across a range of price points.

The company was founded in 1947 by Erling Persson as a women’s clothing store called Hennes in Västerås, Sweden. After acquiring the hunting and menswear retailer Mauritz Widforss in 1968, it adopted the Hennes & Mauritz name and expanded into menswear and children’s apparel.