Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) Sees Significant Decrease in Short Interest

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 978 shares, a drop of 44.1% from the January 15th total of 1,748 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,681 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 2,681 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Hemnet Group Stock Up 0.1%

HMNTY traded up $0.02 during midday trading on Friday, reaching $14.97. 490 shares of the company’s stock were exchanged, compared to its average volume of 1,601. Hemnet Group has a one year low of $14.26 and a one year high of $40.22. The business has a 50-day simple moving average of $17.33 and a two-hundred day simple moving average of $21.86.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HMNTY. Zacks Research upgraded shares of Hemnet Group to a “hold” rating in a research note on Thursday, January 8th. BNP Paribas Exane downgraded Hemnet Group to an “underperform” rating in a research report on Monday, January 26th. Finally, Cantor Fitzgerald lowered Hemnet Group to a “strong sell” rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Hemnet Group Company Profile

Hemnet Group AB (OTCMKTS: HMNTY) is a leading digital real estate marketplace based in Stockholm, Sweden. The company operates Sweden’s largest property portal, offering homebuyers, sellers and real estate agents a centralized platform for residential property listings. Through its website and mobile applications, Hemnet facilitates the search for homes for sale and rent, providing detailed property descriptions, high-resolution images and interactive maps to help users make informed decisions.

Since its founding in 1998, Hemnet has expanded its services beyond basic listings to include market analysis tools, pricing estimates and trend reports that offer insights into regional property values and sales activity.