Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) Sees Significant Growth in Short Interest

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 25,641 shares, an increase of 216.2% from the September 15th total of 8,110 shares. Based on an average daily trading volume, of 376,588 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of brokerages have issued reports on HESAY. Rothschild & Co Redburn lowered shares of Hermes International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. The Goldman Sachs Group began coverage on shares of Hermes International in a report on Monday, October 5th. They set a “sell” rating on the stock. Zacks Research raised shares of Hermes International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Royal Bank Of Canada downgraded shares of Hermes International from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, August 18th. Finally, HSBC lowered Hermes International from a “buy” rating to a “hold” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Hermes International Price Performance

HESAY stock opened at $142.52 on Tuesday. The firm has a 50 day moving average of $167.30 and a two-hundred day moving average of $182.13. Hermes International has a 12 month low of $140.93 and a 12 month high of $265.89.

About Hermes International

Hermès International is a French luxury-goods company known for its craftsmanship, distinctive design and long-standing heritage. The business was founded in Paris in 1837 by Thierry Hermès as a harness and saddlery workshop, and it has evolved into a global luxury brand while retaining a strong connection to artisanal production.

The company offers a broad range of products, including leather goods and saddlery, silk and textiles, ready-to-wear clothing, footwear, fashion accessories, jewelry, watches, fragrances, beauty products and home furnishings.