Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) Shares Shorted: Short Interest Down 98.3% in October

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 62 shares, a decline of 98.3% from the September 30th total of 3,557 shares. Based on an average daily volume of 121 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Hemnet Group Stock Down 4.3%

Shares of OTCMKTS:HMNTY traded down $0.34 during midday trading on Monday, hitting $7.46. The company had a trading volume of 593 shares, compared to its average volume of 1,620. The firm has a fifty day simple moving average of $8.07 and a 200 day simple moving average of $9.46. Hemnet Group has a 12 month low of $6.40 and a 12 month high of $24.68.

About Hemnet Group

Hemnet Group AB operates Hemnet, Sweden’s leading online property marketplace. Through its platform, individuals can search for homes and other properties for sale, while real estate agents and property sellers can publish listings and market residential properties to prospective buyers.

The company’s services include property listings, search and comparison tools, saved searches, alerts and digital features designed to support the home-buying and selling process. Hemnet also offers advertising and visibility products for agents, developers and other property-related businesses.

Hemnet was established in Sweden in 1998 and primarily serves the Swedish residential real estate market through its Hemnet.se platform.