Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) Shares Shorted: Short Interest Up 362.9% in October

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 287 shares, a growth of 362.9% from the October 15th total of 62 shares. Based on an average trading volume of 1,168 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Nordea Equity Research upgraded Hemnet Group to a “buy” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Hemnet Group Price Performance

Shares of Hemnet Group stock opened at $7.71 on Wednesday. The firm’s fifty day simple moving average is $7.42 and its 200-day simple moving average is $10.34. Hemnet Group has a 12 month low of $6.40 and a 12 month high of $21.61.

Hemnet Group Company Profile

Hemnet Group operates Hemnet, a Swedish online property marketplace that helps people search for homes for sale and connects homebuyers and sellers with real estate agents. The platform features residential property listings across Sweden. Hemnet also provides services related to advertising and promoting property listings, along with tools and information for consumers and real estate professionals. The company was founded in 1998 and focuses primarily on the Swedish housing market.