Hugo Boss (OTCMKTS:BOSSY) Short Interest Up 1,633.4% in June

Hugo Boss (OTCMKTS:BOSSY) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 7,419 shares, an increase of 1,633.4% from the May 31st total of 428 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 3,210 shares, the short-interest ratio is presently 2.3 days.

Analyst Ratings Changes

Several research analysts recently issued reports on BOSSY shares. Citigroup reissued a “neutral” rating on shares of Hugo Boss in a report on Monday, May 11th. DZ Bank cut Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, Hugo Boss currently has a consensus rating of “Hold”.

Hugo Boss Trading Up 1.7%

Shares of BOSSY opened at $8.60 on Friday. Hugo Boss has a twelve month low of $8.00 and a twelve month high of $10.21. The company has a current ratio of 1.56, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $2.97 billion, a P/E ratio of 11.03 and a beta of 0.54. The firm’s 50-day moving average is $8.63 and its two-hundred day moving average is $8.57.

Hugo Boss (OTCMKTS:BOSSY) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Hugo Boss had a net margin of 5.56% and a return on equity of 15.66%. On average, research analysts predict that Hugo Boss will post 0.62 earnings per share 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.