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

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

H & M Hennes & Mauritz AB (publ) Stock Up 0.6 %

Shares of H & M Hennes & Mauritz AB (publ) stock traded up $0.02 during trading hours on Monday, reaching $3.36. 18,257 shares of the company were exchanged, compared to its average volume of 38,911. H & M Hennes & Mauritz AB has a 1 year low of $2.52 and a 1 year high of $3.69. The stock’s fifty day moving average is $3.12 and its 200 day moving average is $3.19. 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 market cap of $23.79 billion, a PE ratio of 25.85 and a beta of 1.43.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last posted its quarterly earnings data on Thursday, September 26th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $5.61 billion for 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 forecast that H & M Hennes & Mauritz AB will post 0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HNNMY shares. HSBC raised shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a research 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.

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.