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

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

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

OTCMKTS:HNNMY traded up $0.03 during trading hours on Tuesday, hitting $2.52. The company’s stock had a trading volume of 199,278 shares, compared to its average volume of 148,708. H & M Hennes & Mauritz AB has a twelve month low of $2.46 and a twelve month high of $3.69. The company has a market capitalization of $17.84 billion, a P/E ratio of 21.00 and a beta of 1.43. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.11 and a quick ratio of 0.55. The stock has a fifty day simple moving average of $2.74 and a 200-day simple moving average of $3.00.

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

The company also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were given a $0.0625 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. H & M Hennes & Mauritz AB (publ)’s payout ratio is 58.33%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HNNMY shares. Redburn Atlantic downgraded 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. Barclays raised shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada cut shares of H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, H & M Hennes & Mauritz AB (publ) presently has a consensus rating of “Moderate Buy”.

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.