H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Short Interest Down 67.0% in January

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 12,800 shares, a drop of 67.0% from the January 15th total of 38,800 shares. Based on an average daily volume of 101,300 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Redburn Atlantic lowered H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a report on Thursday, October 31st. Royal Bank of Canada lowered H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, H & M Hennes & Mauritz AB (publ) currently has an average rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Stock Performance

Shares of OTCMKTS:HNNMY traded up $0.04 during midday trading on Wednesday, hitting $2.72. The stock had a trading volume of 9,266 shares, compared to its average volume of 68,557. The company has a market capitalization of $19.29 billion, a PE ratio of 19.46 and a beta of 1.43. H & M Hennes & Mauritz AB has a 1 year low of $2.46 and a 1 year high of $3.69. The stock has a 50 day moving average price of $2.69 and a two-hundred day moving average price of $2.94. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.07.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last issued its earnings results on Wednesday, January 29th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. H & M Hennes & Mauritz AB (publ) had a net margin of 4.93% and a return on equity of 26.25%. As a group, equities analysts predict that H & M Hennes & Mauritz AB will post 0.15 earnings per share for the current fiscal 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.