Hennes & Mauritz AB (OTCMKTS:HNNMY) Short Interest Up 847.4% in August

Hennes & Mauritz AB (OTCMKTS:HNNMY) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 78,758 shares, an increase of 847.4% from the July 30th total of 8,313 shares. Based on an average daily volume of 164,445 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are short sold.

Hennes & Mauritz Stock Up 0.3%

Shares of HNNMY traded up $0.01 on Tuesday, reaching $3.86. The stock had a trading volume of 61,162 shares, compared to its average volume of 121,560. Hennes & Mauritz has a 12-month low of $2.83 and a 12-month high of $4.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.07. The company has a 50-day simple moving average of $3.50 and a 200-day simple moving average of $3.64. The firm has a market capitalization of $27.11 billion, a price-to-earnings ratio of 24.13 and a beta of 1.11.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its earnings results on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%.The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.79 billion. Sell-side analysts predict that Hennes & Mauritz will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HNNMY. Pareto Securities cut shares of Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Finally, Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Hennes & Mauritz currently has a consensus rating of “Reduce”.

Hennes & Mauritz Company Profile

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.