Short Interest in Hennes & Mauritz AB (OTCMKTS:HNNMY) Expands By 612.8%

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 59,143 shares, a growth of 612.8% from the April 30th total of 8,297 shares. Based on an average trading volume of 323,637 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Hennes & Mauritz Price Performance

HNNMY traded up $0.01 on Thursday, hitting $3.51. 168,654 shares of the company’s stock traded hands, compared to its average volume of 144,630. The company’s 50 day simple moving average is $3.60 and its 200-day simple moving average is $3.78. The firm has a market cap of $24.75 billion, a price-to-earnings ratio of 21.94 and a beta of 1.10. Hennes & Mauritz has a one year low of $2.50 and a one year high of $4.25. The company has a current ratio of 1.18, a quick ratio of 0.58 and a debt-to-equity ratio of 1.08.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its earnings results on Thursday, March 26th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.63 billion. Hennes & Mauritz had a return on equity of 30.79% and a net margin of 5.48%. As a group, research analysts anticipate that Hennes & Mauritz will post 0.17 EPS for the current year.

Analyst Ratings Changes

HNNMY has been the topic of a number of research analyst reports. Barclays downgraded Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hennes & Mauritz in a report on Friday, January 30th. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a report on Wednesday, February 25th. Finally, Dnb Carnegie downgraded Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.