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

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 19,700 shares, an increase of 337.8% from the December 31st total of 4,500 shares. Based on an average daily volume of 167,500 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HNNMY. Redburn Atlantic lowered shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research note 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, H & M Hennes & Mauritz AB (publ) presently has a consensus rating of “Moderate Buy”.

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

HNNMY traded up $0.02 on Wednesday, hitting $2.71. 30,784 shares of the stock traded hands, compared to its average volume of 97,304. The business has a fifty day moving average price of $2.71 and a two-hundred day moving average price of $2.97. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $19.19 billion, a PE ratio of 22.59 and a beta of 1.43. H & M Hennes & Mauritz AB has a 52 week low of $2.46 and a 52 week high of $3.69.

H & M Hennes & Mauritz AB (publ) Company Profile

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.