Hennes & Mauritz AB (OTCMKTS:HNNMY) Stock Short Interest Climbs 162.0%

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 131,894 shares, an increase of 162.0% from the September 15th total of 50,348 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 723,375 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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

Hennes & Mauritz Stock Down 1.4%

Shares of Hennes & Mauritz stock traded down $0.04 during trading hours on Wednesday, hitting $3.27. 192,930 shares of the company’s stock traded hands, compared to its average volume of 176,755. The stock has a 50 day simple moving average of $3.46 and a 200-day simple moving average of $3.49. Hennes & Mauritz has a twelve month low of $3.07 and a twelve month high of $4.25. The company has a market cap of $22.93 billion, a PE ratio of 19.21 and a beta of 1.17. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 1.16.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.84 billion. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.70%. Equities research analysts anticipate that Hennes & Mauritz will post 0.17 earnings per share for the current fiscal year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion and retail company that sells clothing, accessories, footwear, beauty products and home furnishings. Its offerings are marketed through physical stores and digital sales channels, with products designed for women, men, teenagers and children.

Founded in 1947 by Erling Persson as a women’s clothing store called Hennes, the company later expanded into menswear and became Hennes & Mauritz following the acquisition of Mauritz Widforss in 1968.