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

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 3,557 shares, an increase of 89.4% from the September 15th total of 1,878 shares. Based on an average daily trading volume, of 1,512 shares, the short-interest ratio is currently 2.4 days. Approximately 0.0% of the company’s shares are short sold.

Hemnet Group Stock Performance

OTCMKTS:HMNTY remained flat at $6.94 on Friday. Hemnet Group has a 1-year low of $6.40 and a 1-year high of $25.48. The stock’s fifty day moving average price is $8.39 and its two-hundred day moving average price is $9.62.

Analyst Ratings Changes

Separately, Nordea Equity Research upgraded shares of Hemnet Group to a “buy” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Hemnet Group Company Profile

Hemnet Group AB operates Hemnet, Sweden’s leading online property platform. The company provides a marketplace where consumers can search for homes and real estate opportunities, including properties for sale and other housing-related listings.

Hemnet’s platform connects homebuyers and sellers with real estate agents and supports agents in marketing residential properties. Its services include property listings, search and discovery tools, market information, and digital advertising and promotional products designed to increase the visibility of properties.

Founded in 1998, Hemnet primarily serves the Swedish residential real estate market.