H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Short Interest Down 12.3% in August

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 19,300 shares, a drop of 12.3% from the August 15th total of 22,000 shares. Based on an average trading volume of 118,900 shares, the short-interest ratio is presently 0.2 days.

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

HNNMY opened at $3.39 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.08 and a quick ratio of 0.55. The business has a fifty day simple moving average of $3.07 and a 200 day simple moving average of $3.15. H & M Hennes & Mauritz AB has a 1 year low of $2.52 and a 1 year high of $3.69. The company has a market capitalization of $24.00 billion, a PE ratio of 26.08 and a beta of 1.43.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last posted its earnings results on Wednesday, June 26th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. H & M Hennes & Mauritz AB (publ) had a return on equity of 24.48% and a net margin of 4.70%. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.58 billion. Research analysts expect that H & M Hennes & Mauritz AB will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HNNMY. HSBC upgraded H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a report on Friday, July 5th. 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, H & M Hennes & Mauritz AB (publ) currently has an average rating of “Moderate Buy”.

About H & M Hennes & Mauritz AB (publ)

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.