Short Interest in Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) Drops By 26.1%

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 8,789 shares, a decrease of 26.1% from the March 15th total of 11,894 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 213,897 shares, the short-interest ratio is presently 0.0 days.

Hermes International Trading Down 7.3%

Shares of OTCMKTS:HESAY opened at $193.40 on Thursday. The company has a quick ratio of 4.19, a current ratio of 4.99 and a debt-to-equity ratio of 0.11. Hermes International has a 12 month low of $183.24 and a 12 month high of $294.72. The company has a 50-day moving average price of $219.43 and a 200 day moving average price of $238.31.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. HSBC raised shares of Hermes International from a “hold” rating to a “buy” rating in a report on Tuesday, March 10th. Zacks Research downgraded shares of Hermes International from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Kepler Capital Markets raised shares of Hermes International from a “hold” rating to a “buy” rating in a report on Tuesday, March 10th. Finally, Jefferies Financial Group raised shares of Hermes International from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Hermes International Company Profile

Hermès International is a French luxury goods company renowned for its high-end leather goods, scarves, ready-to-wear apparel, watches, jewelry, fragrances and home accessories. Founded in 1837 as a harness and bridle workshop, the firm has evolved into one of the world’s most recognizable luxury maisons, known for artisanal craftsmanship, quality materials and a focus on timeless design. The company is headquartered in Paris and maintains a strong heritage identity that influences its product development and brand positioning.

Key product categories include leather goods and iconic handbags, silk scarves and ties, fashion and accessories, timepieces and fine jewelry, as well as fragrances and selected home collections.