Short Interest in Harvey Norman Holdings Limited (OTCMKTS:HNORY) Decreases By 96.4%

Harvey Norman Holdings Limited (OTCMKTS:HNORY) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 2 shares, a drop of 96.4% from the May 31st total of 56 shares. Based on an average daily volume of 245 shares, the short-interest ratio is presently 0.0 days.

Harvey Norman Stock Performance

Harvey Norman stock remained flat at $15.62 during mid-day trading on Friday. Harvey Norman has a 1-year low of $12.14 and a 1-year high of $17.64. The firm has a 50 day moving average price of $13.62 and a two-hundred day moving average price of $12.89.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group assumed coverage on Harvey Norman in a research report on Monday, May 18th. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Harvey Norman currently has a consensus rating of “Sell”.

About Harvey Norman

Harvey Norman Holdings Limited is a global multi?category retailer specializing in the sale of furniture, bedding, electrical appliances, computing and communications equipment, kitchen products and home entertainment systems. Operating primarily through a franchise model, the company offers a wide range of branded and private?label goods to both consumer and business customers. In addition to traditional brick?and?mortar showrooms, Harvey Norman maintains e-commerce platforms across its key markets, enabling an integrated omnichannel shopping experience.

Founded in 1982 by Gerry Harvey and Ian Norman in Sydney, Australia, Harvey Norman has grown from a single store into one of the country’s largest home and lifestyle retailers.