Hennes & Mauritz AB (OTCMKTS:HNNMY) Short Interest Down 79.6% in July

Hennes & Mauritz AB (OTCMKTS:HNNMY) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 8,313 shares, a decline of 79.6% from the July 15th total of 40,695 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 267,408 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. Zacks Research lowered shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Three analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Sell”.

Hennes & Mauritz Trading Down 0.5%

Shares of Hennes & Mauritz stock traded down $0.02 during trading on Friday, hitting $3.62. 89,545 shares of the company were exchanged, compared to its average volume of 145,297. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.53. The firm has a market capitalization of $25.42 billion, a P/E ratio of 22.63 and a beta of 1.11. The firm’s fifty day moving average price is $3.46 and its 200 day moving average price is $3.65. Hennes & Mauritz has a 1-year low of $2.83 and a 1-year high of $4.25.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.79 billion. Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%. As a group, sell-side analysts expect that Hennes & Mauritz will post 0.17 earnings per share for the current fiscal year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.