Hennes & Mauritz AB (OTCMKTS:HNNMY) Stock Short Interest Report for October

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 67,975 shares, a decrease of 48.5% from the September 30th total of 131,894 shares. Based on an average trading volume of 832,359 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HNNMY shares. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Zacks Research raised Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Hennes & Mauritz Stock Performance

OTCMKTS HNNMY traded up $0.01 during trading hours on Friday, hitting $3.55. The company had a trading volume of 47,066 shares, compared to its average volume of 326,134. The business has a 50 day moving average of $3.40 and a 200-day moving average of $3.60. The company has a market cap of $24.92 billion, a PE ratio of 20.88 and a beta of 1.17. Hennes & Mauritz has a 1-year low of $3.07 and a 1-year high of $4.25. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.59 and a current ratio of 1.13.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Hennes & Mauritz had a return on equity of 33.70% and a net margin of 5.94%. The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.84 billion. As a group, equities research analysts expect that Hennes & Mauritz will post 0.17 EPS for the current year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M Group, is a Swedish fashion and retail company that designs, sources and sells clothing, accessories, footwear, beauty products and home furnishings. Its brands serve a broad range of customers through physical stores, digital platforms and e-commerce channels.

The company’s portfolio includes H&M, COS, Weekday, & Other Stories, ARKET and other fashion and lifestyle concepts. H&M is known for offering trend-focused apparel and accessories, while the group’s other brands generally target distinct segments ranging from contemporary and premium fashion to home goods and resale.

H&M was founded in 1947 by Erling Persson in Västerås, Sweden, originally under the name Hennes.