H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Short Interest Down 62.4% in October

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 7,600 shares, a decrease of 62.4% from the October 15th total of 20,200 shares. Based on an average daily volume of 40,800 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HNNMY shares. Redburn Atlantic lowered shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 31st. Barclays upgraded shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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

H & M Hennes & Mauritz AB (publ) stock opened at $2.75 on Friday. The stock has a market cap of $19.47 billion, a P/E ratio of 23.08 and a beta of 1.45. 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 stock has a 50 day moving average of $3.18 and a 200-day moving average of $3.21. H & M Hennes & Mauritz AB has a 52 week low of $2.54 and a 52 week high of $3.69.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last released its earnings results on Thursday, September 26th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.84 billion. H & M Hennes & Mauritz AB (publ) had a net margin of 4.30% and a return on equity of 23.03%. On average, analysts expect that H & M Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

H & M Hennes & Mauritz AB (publ) Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be paid a dividend of $0.0625 per share. The ex-dividend date is Friday, November 8th. This is a boost from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio (DPR) is 58.34%.

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.