Short Interest in Hugo Boss AG (OTCMKTS:BOSSY) Increases By 1,585.7%

Hugo Boss AG (OTCMKTS:BOSSY) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 11,800 shares, an increase of 1,585.7% from the November 30th total of 700 shares. Based on an average trading volume of 22,000 shares, the days-to-cover ratio is currently 0.5 days.

Hugo Boss Price Performance

Shares of BOSSY opened at $9.05 on Friday. The firm’s 50-day simple moving average is $8.65 and its two-hundred day simple moving average is $8.66. Hugo Boss has a fifty-two week low of $6.59 and a fifty-two week high of $14.83. The stock has a market cap of $3.12 billion, a PE ratio of 13.51 and a beta of 1.10. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.62 and a current ratio of 1.61.

Hugo Boss (OTCMKTS:BOSSY) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $1.13 billion for the quarter. Hugo Boss had a return on equity of 16.17% and a net margin of 5.08%. Analysts anticipate that Hugo Boss will post 0.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BOSSY shares. Citigroup raised Hugo Boss to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group upgraded Hugo Boss from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd.

About Hugo Boss

Hugo Boss AG, together with its subsidiaries, provides apparels, shoes, and accessories for men and women worldwide. It also offers licensed products comprising of fragrances, eyewear, watches, children’s fashion, equestrian, and cycling. The company markets and sells its products under the BOSS and HUGO brand names through freestanding stores, shop-in-shops, factory outlets, multi-brand stores, and franchise business, as well as online retailers, distribution, and stores.