Short Interest in H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Drops By 15.5%

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 16,300 shares, a decrease of 15.5% from the August 31st total of 19,300 shares. Based on an average daily volume of 182,200 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HNNMY shares. Deutsche Bank Aktiengesellschaft raised H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “buy” rating in a research report on Wednesday, July 3rd. HSBC raised H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a research report on Friday, July 5th.

H & M Hennes & Mauritz AB (publ) Stock Performance

HNNMY stock traded up $0.02 during midday trading on Monday, reaching $3.36. The stock had a trading volume of 18,257 shares, compared to its average volume of 38,911. The stock has a market cap of $23.79 billion, a PE ratio of 25.85 and a beta of 1.43. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.55 and a current ratio of 1.08. The firm has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $3.19. H & M Hennes & Mauritz AB has a 52-week low of $2.52 and a 52-week high of $3.69.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last issued its earnings results on Thursday, September 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.84 billion. H & M Hennes & Mauritz AB (publ) had a return on equity of 24.48% and a net margin of 4.70%. As a group, equities research analysts anticipate that H & M Hennes & Mauritz AB will post 0.16 EPS for the current year.

H & M Hennes & Mauritz AB (publ) Company Profile

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.