Hugo Boss (OTCMKTS:BOSSY) Short Interest Down 93.6% in March

Hugo Boss (OTCMKTS:BOSSY) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 478 shares, a decrease of 93.6% from the February 26th total of 7,519 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 5,014 shares, the days-to-cover ratio is presently 0.1 days.

Hugo Boss Price Performance

OTCMKTS:BOSSY remained flat at $8.78 during trading hours on Thursday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 1,340. The firm has a 50-day moving average price of $8.57 and a 200-day moving average price of $8.87. The firm has a market capitalization of $3.03 billion, a PE ratio of 10.58 and a beta of 0.62. Hugo Boss has a 1-year low of $6.92 and a 1-year high of $10.21.

Hugo Boss (OTCMKTS:BOSSY) last released its earnings results on Tuesday, March 10th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Hugo Boss had a return on equity of 17.88% and a net margin of 5.92%.The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.20 billion. As a group, analysts anticipate that Hugo Boss will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BOSSY. Royal Bank Of Canada cut shares of Hugo Boss from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 26th. Kepler Capital Markets upgraded Hugo Boss to a “hold” rating in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Hugo Boss currently has an average rating of “Hold”.

Hugo Boss Company Profile

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.