Short Interest in Hugo Boss (OTCMKTS:BOSSY) Rises By 1,633.4%

Hugo Boss (OTCMKTS:BOSSY) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 7,419 shares, a growth of 1,633.4% from the May 31st total of 428 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,210 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Ratings Changes

A number of research firms recently weighed in on BOSSY. Citigroup reaffirmed a “neutral” rating on shares of Hugo Boss in a report on Monday, May 11th. DZ Bank lowered Hugo Boss from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Hugo Boss Price Performance

Shares of BOSSY remained flat at $8.46 during trading hours on Thursday. 6 shares of the company were exchanged, compared to its average volume of 1,044. The company has a market cap of $2.92 billion, a P/E ratio of 10.85 and a beta of 0.54. Hugo Boss has a 1-year low of $8.00 and a 1-year high of $10.21. The company has a current ratio of 1.56, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $8.63 and its 200-day moving average is $8.57.

Hugo Boss (OTCMKTS:BOSSY) last posted its earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.19). Hugo Boss had a return on equity of 15.66% and a net margin of 5.56%.The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. As a group, equities analysts expect that Hugo Boss will post 0.65 earnings per share for the current year.

Hugo Boss Company Profile

Hugo Boss AG is a German luxury fashion group that designs, produces and distributes a broad range of apparel, accessories and footwear under its two core brands, BOSS and HUGO. The company’s product portfolio spans men’s and women’s business wear, casual collections and athleisure, as well as fragrances, eyewear and leather goods. Hugo Boss operates through a multi-channel network that includes directly operated retail stores, e-commerce platforms and wholesale partnerships with department stores and specialty retailers.

Founded in 1924 by Hugo Ferdinand Boss and headquartered in Metzingen, Germany, the company originally produced workwear and uniforms before pivoting to high-end fashion in the latter half of the 20th century.