H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Sees Significant Decrease in Short Interest

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 32,500 shares, a drop of 17.1% from the May 15th total of 39,200 shares. Based on an average daily volume of 66,600 shares, the days-to-cover ratio is presently 0.5 days.

H & M Hennes & Mauritz AB (publ) Trading Up 0.6 %

Shares of H & M Hennes & Mauritz AB (publ) stock traded up $0.02 during trading hours on Monday, reaching $3.54. The stock had a trading volume of 28,040 shares, compared to its average volume of 37,649. The firm has a 50 day simple moving average of $3.28 and a two-hundred day simple moving average of $3.11. The firm has a market capitalization of $25.07 billion, a price-to-earnings ratio of 32.18 and a beta of 1.47. H & M Hennes & Mauritz AB has a 1 year low of $2.52 and a 1 year high of $3.57.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last released its quarterly earnings data on Wednesday, March 27th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $5.08 billion. H & M Hennes & Mauritz AB (publ) had a return on equity of 20.67% and a net margin of 4.02%. Sell-side analysts forecast that H & M Hennes & Mauritz AB will post 0.16 EPS for the current year.

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

The business also recently announced a dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 7th were issued a dividend of $0.062 per share. This is an increase from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. The ex-dividend date was Monday, May 6th. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded H & M Hennes & Mauritz AB (publ) from a “sector perform” rating to an “outperform” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.