Hennes & Mauritz AB (OTCMKTS:HNNMY) Sees Significant Growth in Short Interest

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

Hennes & Mauritz Stock Down 3.9%

Shares of Hennes & Mauritz stock traded down $0.15 during trading on Wednesday, reaching $3.71. The stock had a trading volume of 52,682 shares, compared to its average volume of 144,863. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 23.19 and a beta of 1.11. The stock has a fifty day moving average price of $3.50 and a two-hundred day moving average price of $3.64. Hennes & Mauritz has a 52 week low of $2.83 and a 52 week high of $4.25.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on HNNMY shares. Pareto Securities cut Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Zacks Research upgraded shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock 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.