Hennes & Mauritz AB (OTCMKTS:HNNMY) Sees Large Drop in Short Interest

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 25,260 shares, a drop of 72.6% from the November 30th total of 92,295 shares. Based on an average daily trading volume, of 149,694 shares, the days-to-cover ratio is currently 0.2 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 daily trading volume, of 149,694 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HNNMY. Citigroup upgraded shares of Hennes & Mauritz from a “sell” rating to a “hold” rating in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hennes & Mauritz in a research note on Wednesday, September 3rd. Finally, Oddo Bhf raised shares of Hennes & Mauritz to a “neutral” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Hennes & Mauritz Price Performance

Shares of Hennes & Mauritz stock traded down $0.00 during trading hours on Friday, reaching $3.98. The company’s stock had a trading volume of 61,691 shares, compared to its average volume of 59,816. The firm has a 50 day moving average price of $3.75 and a 200-day moving average price of $3.27. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.00 and a quick ratio of 0.46. The stock has a market cap of $28.03 billion, a P/E ratio of 28.39 and a beta of 1.20. Hennes & Mauritz has a one year low of $2.37 and a one year high of $4.17.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Hennes & Mauritz had a return on equity of 26.34% and a net margin of 4.80%.The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $56.77 billion. On average, analysts predict that Hennes & Mauritz will post 0.15 EPS for the current year.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.