Hugo Boss (OTCMKTS:BOSSY) Short Interest Down 80.1% in June

Hugo Boss (OTCMKTS:BOSSY) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,480 shares, a decrease of 80.1% from the June 15th total of 7,419 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 384 shares, the days-to-cover ratio is currently 3.9 days.

Hugo Boss Price Performance

BOSSY remained flat at $8.50 during trading hours on Friday. 1 shares of the company were exchanged, compared to its average volume of 196. The business’s fifty day moving average price is $8.58 and its two-hundred day moving average price is $8.58. The firm has a market cap of $2.93 billion, a P/E ratio of 10.90 and a beta of 0.55. Hugo Boss has a 1-year low of $8.00 and a 1-year 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.

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

Analyst Upgrades and Downgrades

BOSSY has been the topic of a number of recent research reports. DZ Bank cut shares of Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Citigroup reissued a “neutral” rating on shares of Hugo Boss in a research report on Monday, May 11th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

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.