Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) Short Interest Down 41.7% in October

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 13,000 shares, a drop of 41.7% from the September 30th total of 22,300 shares. Based on an average trading volume of 170,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 170,600 shares, the days-to-cover ratio is currently 0.1 days.

Hermes International Stock Down 1.3%

Shares of Hermes International stock traded down $3.28 during mid-day trading on Monday, hitting $244.07. 47,468 shares of the stock were exchanged, compared to its average volume of 49,633. Hermes International has a twelve month low of $206.66 and a twelve month high of $303.00. The company has a 50-day simple moving average of $248.15 and a 200 day simple moving average of $260.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.50 and a quick ratio of 3.65.

Wall Street Analyst Weigh In

Several research firms have weighed in on HESAY. DZ Bank upgraded shares of Hermes International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. Hsbc Global Res downgraded shares of Hermes International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Finally, UBS Group downgraded shares of Hermes International from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.