Hennes & Mauritz AB (OTCMKTS:HNNMY) Stock Short Interest Report for October

Hennes & Mauritz AB (OTCMKTS:HNNMY) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 67,975 shares, a decrease of 48.5% from the September 30th total of 131,894 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 832,359 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Several brokerages have commented on HNNMY. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Hennes & Mauritz currently has a consensus rating of “Reduce”.

Hennes & Mauritz Stock Up 0.3%

OTCMKTS HNNMY traded up $0.01 on Friday, hitting $3.55. 47,066 shares of the stock were exchanged, compared to its average volume of 326,134. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 1.16. Hennes & Mauritz has a fifty-two week low of $3.07 and a fifty-two week high of $4.25. The company has a market cap of $24.92 billion, a PE ratio of 20.88 and a beta of 1.17. The company has a 50-day moving average price of $3.40 and a 200-day moving average price of $3.60.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.84 billion. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.70%. Sell-side analysts anticipate that Hennes & Mauritz will post 0.17 EPS for the current fiscal year.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M Group, is a Swedish fashion and retail company that designs, sources and sells clothing, accessories, footwear, beauty products and home furnishings. Its brands serve a broad range of customers through physical stores, digital platforms and e-commerce channels.

The company’s portfolio includes H&M, COS, Weekday, & Other Stories, ARKET and other fashion and lifestyle concepts. H&M is known for offering trend-focused apparel and accessories, while the group’s other brands generally target distinct segments ranging from contemporary and premium fashion to home goods and resale.

H&M was founded in 1947 by Erling Persson in Västerås, Sweden, originally under the name Hennes.