Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) Sees Large Decrease in Short Interest

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 62 shares, a decline of 98.3% from the September 30th total of 3,557 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 121 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, Nordea Equity Research upgraded Hemnet Group to a “buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Hemnet Group currently has an average rating of “Reduce”.

Hemnet Group Stock Performance

HMNTY stock opened at $7.46 on Tuesday. Hemnet Group has a one year low of $6.40 and a one year high of $24.68. The company has a fifty day moving average of $8.03 and a 200-day moving average of $10.87.

About Hemnet Group

Hemnet Group AB operates Hemnet, Sweden’s leading online property marketplace. Through its platform, individuals can search for homes and other properties for sale, while real estate agents and property sellers can publish listings and market residential properties to prospective buyers.

The company’s services include property listings, search and comparison tools, saved searches, alerts and digital features designed to support the home-buying and selling process. Hemnet also offers advertising and visibility products for agents, developers and other property-related businesses.

Hemnet was established in Sweden in 1998 and primarily serves the Swedish residential real estate market through its Hemnet.se platform.