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

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was the target of a significant 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 trading volume, of 40,800 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays raised 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 investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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

HNNMY opened at $2.75 on Friday. The stock has a market cap of $19.47 billion, a price-to-earnings ratio of 23.09 and a beta of 1.45. H & M Hennes & Mauritz AB has a 1 year low of $2.54 and a 1 year high of $3.69. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.07. The stock has a fifty day moving average price of $3.18 and a 200 day moving average price of $3.21.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last posted its earnings results 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). H & M Hennes & Mauritz AB (publ) had a net margin of 4.30% and a return on equity of 23.03%. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.84 billion. Analysts forecast 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 business also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.0625 per share. This is a positive change from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. The ex-dividend date is Friday, November 8th. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio (DPR) is 58.34%.

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.