Short Interest in H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Declines By 62.4%

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 7,600 shares, a drop of 62.4% from the October 15th total of 20,200 shares. Based on an average daily volume of 40,800 shares, the days-to-cover ratio is currently 0.2 days.

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

HNNMY opened at $2.75 on Friday. The firm has a market cap of $19.47 billion, a PE ratio of 23.09 and a beta of 1.45. The company has a quick ratio of 0.55, a current ratio of 1.11 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $3.18 and a 200-day simple moving average of $3.21. H & M Hennes & Mauritz AB has a fifty-two week low of $2.54 and a fifty-two week high of $3.69.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last released its quarterly earnings data on Thursday, September 26th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.84 billion. H & M Hennes & Mauritz AB (publ) had a return on equity of 23.03% and a net margin of 4.30%. As a group, equities analysts predict that H & M Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

H & M Hennes & Mauritz AB (publ) Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio (DPR) is 58.34%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HNNMY shares. Barclays upgraded H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research report on Friday, September 27th. Redburn Atlantic cut H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.