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

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 287 shares, an increase of 362.9% from the October 15th total of 62 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,168 shares, the short-interest ratio is currently 0.2 days.

Hemnet Group Stock Performance

Shares of OTCMKTS HMNTY traded down $0.51 during midday trading on Thursday, reaching $7.20. 100 shares of the company were exchanged, compared to its average volume of 1,593. The stock’s 50-day moving average price is $7.37 and its 200-day moving average price is $10.29. Hemnet Group has a one year low of $6.40 and a one year high of $19.81.

Analyst Ratings Changes

Separately, Nordea Equity Research raised shares of Hemnet Group to a “buy” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Hemnet Group Company Profile

Hemnet Group operates Hemnet, a Swedish online property marketplace that helps people search for homes for sale and connects homebuyers and sellers with real estate agents. The platform features residential property listings across Sweden. Hemnet also provides services related to advertising and promoting property listings, along with tools and information for consumers and real estate professionals. The company was founded in 1998 and focuses primarily on the Swedish housing market.