Hugo Boss (OTCMKTS:BOSSY) Short Interest Up 1,633.4% in June

Hugo Boss (OTCMKTS:BOSSY) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 7,419 shares, a growth of 1,633.4% from the May 31st total of 428 shares. Based on an average trading volume of 3,210 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.0% of the shares of the company are sold short.

Hugo Boss Stock Performance

OTCMKTS BOSSY remained flat at $8.46 on Thursday. 6 shares of the company were exchanged, compared to its average volume of 1,044. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 10.85 and a beta of 0.54. The company’s 50 day moving average price is $8.63 and its 200-day moving average price is $8.57. Hugo Boss has a twelve month low of $8.00 and a twelve month high of $10.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.64 and a current ratio of 1.56.

Hugo Boss (OTCMKTS:BOSSY) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.19). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Hugo Boss had a return on equity of 15.66% and a net margin of 5.56%. Analysts anticipate that Hugo Boss will post 0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BOSSY has been the topic of a number of research reports. Citigroup restated a “neutral” rating on shares of Hugo Boss in a research report on Monday, May 11th. DZ Bank cut Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Hugo Boss has a consensus rating of “Hold”.

Hugo Boss Company Profile

Hugo Boss AG is a German luxury fashion group that designs, produces and distributes a broad range of apparel, accessories and footwear under its two core brands, BOSS and HUGO. The company’s product portfolio spans men’s and women’s business wear, casual collections and athleisure, as well as fragrances, eyewear and leather goods. Hugo Boss operates through a multi-channel network that includes directly operated retail stores, e-commerce platforms and wholesale partnerships with department stores and specialty retailers.

Founded in 1924 by Hugo Ferdinand Boss and headquartered in Metzingen, Germany, the company originally produced workwear and uniforms before pivoting to high-end fashion in the latter half of the 20th century.