Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) Sees Significant Decrease in Short Interest

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 428 shares, a drop of 69.2% from the February 12th total of 1,388 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 4,092 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 4,092 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hemnet Group Stock Performance

Shares of HMNTY remained flat at $13.50 during trading hours on Thursday. 2,629 shares of the stock were exchanged, compared to its average volume of 1,352. The firm has a fifty day moving average of $15.26 and a two-hundred day moving average of $19.99. Hemnet Group has a 1-year low of $12.28 and a 1-year high of $40.22.

Analysts Set New Price Targets

HMNTY has been the topic of several analyst reports. Zacks Research raised shares of Hemnet Group to a “hold” rating in a research report on Thursday, January 8th. Cantor Fitzgerald downgraded Hemnet Group to a “strong sell” rating in a research note on Tuesday, January 27th. Finally, BNP Paribas Exane downgraded Hemnet Group to an “underperform” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Hemnet Group

Hemnet Group AB (OTCMKTS: HMNTY) is a leading digital real estate marketplace based in Stockholm, Sweden. The company operates Sweden’s largest property portal, offering homebuyers, sellers and real estate agents a centralized platform for residential property listings. Through its website and mobile applications, Hemnet facilitates the search for homes for sale and rent, providing detailed property descriptions, high-resolution images and interactive maps to help users make informed decisions.

Since its founding in 1998, Hemnet has expanded its services beyond basic listings to include market analysis tools, pricing estimates and trend reports that offer insights into regional property values and sales activity.