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 significant increase in short interest in September. As of September 15th, there was short interest totaling 1,878 shares, an increase of 490.6% from the August 31st total of 318 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 936 shares, the days-to-cover ratio is currently 2.0 days.

Hemnet Group Stock Down 10.5%

Shares of HMNTY opened at $6.40 on Friday. Hemnet Group has a 52-week low of $6.40 and a 52-week high of $26.07. The firm’s fifty day moving average is $9.19 and its two-hundred day moving average is $10.21.

Wall Street Analyst Weigh In

Separately, Nordea Equity Research raised shares of Hemnet Group to a “buy” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

About Hemnet Group

Hemnet Group AB operates Hemnet, Sweden’s leading online property marketplace. The platform connects people looking to buy, sell, or find homes with real estate agents and property advertisers. Users can search residential properties, view listing details and images, save searches, and receive updates on homes that match their preferences.

Hemnet provides real estate agencies and property sellers with digital marketing and listing services designed to promote homes to prospective buyers.