Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) Sees Significant Drop in Short Interest

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 6,200 shares, a drop of 37.4% from the August 31st total of 9,900 shares. Based on an average daily trading volume, of 107,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 107,000 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HESAY. UBS Group cut shares of Hermes International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Hsbc Global Res lowered Hermes International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Finally, DZ Bank upgraded shares of Hermes International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Hermes International presently has a consensus rating of “Hold”.

Hermes International Trading Up 1.1%

HESAY stock opened at $254.00 on Monday. The stock’s fifty day simple moving average is $246.86 and its 200-day simple moving average is $262.39. Hermes International has a 52-week low of $206.66 and a 52-week high of $303.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.65 and a current ratio of 4.50.

About Hermes International

Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods. The company offers leather goods and saddlery, such as bags for men and women, travel articles, small leather goods and accessories, saddles, bridles, and a full range of equestrian products and clothing; ready-to-wear garments for men and women; and accessories, including jewelry, belts, hats, gloves, the Internet of Things products, and shoes.