H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Sees Large Drop in Short Interest

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 6,800 shares, a drop of 46.9% from the January 31st total of 12,800 shares. Based on an average trading volume of 79,900 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HNNMY shares. Royal Bank of Canada lowered H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Barclays lowered H & M Hennes & Mauritz AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

H & M Hennes & Mauritz AB (publ) Stock Down 0.5 %

Shares of OTCMKTS:HNNMY traded down $0.01 on Friday, hitting $2.61. 62,447 shares of the company traded hands, compared to its average volume of 70,211. H & M Hennes & Mauritz AB has a 52 week low of $2.46 and a 52 week high of $3.69. The stock has a 50 day simple moving average of $2.65 and a 200-day simple moving average of $2.91. The company has a market cap of $18.49 billion, a PE ratio of 18.65 and a beta of 1.43. The company has a quick ratio of 0.55, a current ratio of 1.14 and a debt-to-equity ratio of 1.40.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last announced its earnings results on Wednesday, January 29th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. H & M Hennes & Mauritz AB (publ) had a return on equity of 25.89% and a net margin of 4.93%. As a group, research analysts expect that H & M Hennes & Mauritz AB will post 0.15 earnings per share for the current year.

About H & M Hennes & Mauritz AB (publ)

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.