Hennes & Mauritz AB (OTCMKTS:HNNMY) Short Interest Update

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 59,143 shares, a growth of 612.8% from the April 30th total of 8,297 shares. Based on an average daily trading volume, of 323,637 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

HNNMY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hennes & Mauritz in a report on Friday, January 30th. Dnb Carnegie cut shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Barclays cut shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Hennes & Mauritz currently has an average rating of “Hold”.

Hennes & Mauritz Stock Performance

Shares of Hennes & Mauritz stock traded up $0.01 on Friday, reaching $3.51. 139,917 shares of the stock were exchanged, compared to its average volume of 144,469. Hennes & Mauritz has a 1-year low of $2.50 and a 1-year high of $4.25. The company has a current ratio of 1.18, a quick ratio of 0.58 and a debt-to-equity ratio of 1.08. The business has a fifty day moving average price of $3.60 and a two-hundred day moving average price of $3.78. The firm has a market capitalization of $24.75 billion, a PE ratio of 21.94 and a beta of 1.10.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings results on Thursday, March 26th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Hennes & Mauritz had a net margin of 5.48% and a return on equity of 30.79%. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.63 billion. As a group, research analysts anticipate that Hennes & Mauritz will post 0.17 earnings per share for the current fiscal year.

About Hennes & Mauritz

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.