HMN Financial, Inc. (NASDAQ:HMNF) Short Interest Down 61.6% in September

HMN Financial, Inc. (NASDAQ:HMNF) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 4,300 shares, a drop of 61.6% from the August 30th total of 11,200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is presently 1.4 days.

A number of institutional investors have recently modified their holdings of HMNF. Castine Capital Management LLC raised its holdings in HMN Financial by 24.0% in the 2nd quarter. Castine Capital Management LLC now owns 256,890 shares of the bank’s stock valued at $5,394,000 after acquiring an additional 49,750 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in HMN Financial by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 339,922 shares of the bank’s stock valued at $6,669,000 after acquiring an additional 3,337 shares during the last quarter. Renaissance Technologies LLC raised its holdings in HMN Financial by 2.9% in the 2nd quarter. Renaissance Technologies LLC now owns 103,700 shares of the bank’s stock valued at $2,178,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in HMN Financial by 24.1% in the 2nd quarter. Acadian Asset Management LLC now owns 4,298 shares of the bank’s stock valued at $90,000 after acquiring an additional 835 shares during the last quarter. 41.73% of the stock is currently owned by hedge funds and other institutional investors.

HMN Financial stock traded down $0.34 during midday trading on Friday, reaching $21.51. The company had a trading volume of 5,867 shares, compared to its average volume of 5,466. The company has a market capitalization of $106.71 million, a P/E ratio of 10.64 and a beta of 0.19. HMN Financial has a 12-month low of $18.45 and a 12-month high of $23.34. The firm’s fifty day simple moving average is $21.60 and its 200-day simple moving average is $21.49.

HMN Financial (NASDAQ:HMNF) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $0.62 earnings per share for the quarter. The firm had revenue of $9.49 million for the quarter. HMN Financial had a net margin of 24.23% and a return on equity of 11.32%.

Separately, ValuEngine lowered shares of HMN Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

About HMN Financial

HMN Financial, Inc operates as a bank holding company for Home Federal Savings Bank that provides retail banking products and services. The company offers various deposit accounts, such as savings, negotiable order of withdrawal, non-interest bearing checking, money market, and certificate accounts, including individual retirement accounts.

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