Hugo Boss (OTCMKTS:BOSSY) Sees Significant Decrease in Short Interest

Hugo Boss (OTCMKTS:BOSSY) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 495 shares, a decrease of 65.5% from the November 30th total of 1,434 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 2,919 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 2,919 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised Hugo Boss to a “hold” rating in a research report on Monday, December 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hugo Boss Trading Up 2.0%

Shares of Hugo Boss stock opened at $8.87 on Friday. The firm’s 50 day simple moving average is $8.78 and its two-hundred day simple moving average is $9.32. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 12.32 and a beta of 0.63. Hugo Boss has a 12-month low of $6.92 and a 12-month high of $10.21.

Hugo Boss (OTCMKTS:BOSSY) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Hugo Boss had a net margin of 5.31% and a return on equity of 15.59%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.01 billion. On average, sell-side analysts predict that Hugo Boss will post 0.63 EPS for the current fiscal year.

About Hugo Boss

Hugo Boss AG is a German luxury fashion group that designs, produces and distributes a broad range of apparel, accessories and footwear under its two core brands, BOSS and HUGO. The company’s product portfolio spans men’s and women’s business wear, casual collections and athleisure, as well as fragrances, eyewear and leather goods. Hugo Boss operates through a multi-channel network that includes directly operated retail stores, e-commerce platforms and wholesale partnerships with department stores and specialty retailers.

Founded in 1924 by Hugo Ferdinand Boss and headquartered in Metzingen, Germany, the company originally produced workwear and uniforms before pivoting to high-end fashion in the latter half of the 20th century.