Short Interest in H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Rises By 337.8%

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was the target of a large increase in short interest during the month of 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 trading volume, of 167,500 shares, the short-interest ratio is currently 0.1 days.

H & M Hennes & Mauritz AB (publ) Stock Up 1.5 %

H & M Hennes & Mauritz AB (publ) stock traded up $0.04 during midday trading on Thursday, hitting $2.75. 19,339 shares of the stock were exchanged, compared to its average volume of 97,304. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.11 and a quick ratio of 0.55. H & M Hennes & Mauritz AB has a 1 year low of $2.46 and a 1 year high of $3.69. The company has a 50 day moving average price of $2.71 and a two-hundred day moving average price of $2.97. The firm has a market cap of $19.47 billion, a P/E ratio of 22.92 and a beta of 1.43.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Redburn Atlantic downgraded H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 31st. Royal Bank of Canada cut 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.