Hermès International Société en commandite par actions (OTCMKTS:HESAY) Sees Large Decline in Short Interest

Hermès International Société en commandite par actions (OTCMKTS:HESAY) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 4,200 shares, a decrease of 80.9% from the August 15th total of 22,000 shares. Based on an average daily volume of 53,400 shares, the days-to-cover ratio is presently 0.1 days.

HESAY has been the topic of several analyst reports. Societe Generale reissued a “buy” rating on shares of Hermès International Société en commandite par actions in a report on Monday, August 2nd. HSBC lowered shares of Hermès International Société en commandite par actions from a “hold” rating to a “reduce” rating in a report on Wednesday, June 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hermès International Société en commandite par actions in a report on Monday, August 2nd. Finally, UBS Group reaffirmed a “buy” rating on shares of Hermès International Société en commandite par actions in a report on Monday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $146.85.

OTCMKTS:HESAY traded down $1.88 during mid-day trading on Wednesday, reaching $149.03. 13,898 shares of the company were exchanged, compared to its average volume of 18,572. Hermès International Société en commandite par actions has a 12 month low of $84.07 and a 12 month high of $159.28. The company has a fifty day moving average of $150.93 and a 200 day moving average of $136.11.

Hermès International Société en commandite par actions Company Profile

Hermès International SCA engages in the provision of textiles and apparel. Its activities include manufacturing, sale, and distribution of apparel products, such as leather goods and saddler, ready-to-wear clothing, footwear, belts, gloves, hats, silk and textiles, jewelry, furniture, wallpaper, interior fabrics, tableware, perfumes and watches.

See Also: Terms to Better Understand Call Options

Receive News & Ratings for Hermès International Société en commandite par actions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hermès International Société en commandite par actions and related companies with MarketBeat.com's FREE daily email newsletter.