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

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 19,700 shares, an increase of 337.8% from the December 15th total of 4,500 shares. Based on an average daily volume of 167,500 shares, the short-interest ratio is presently 0.1 days.

H & M Hennes & Mauritz AB (publ) Stock Up 1.2 %

Shares of HNNMY traded up $0.03 during trading hours on Wednesday, reaching $2.52. The stock had a trading volume of 199,278 shares, compared to its average volume of 148,708. The firm has a 50-day simple moving average of $2.74 and a 200 day simple moving average of $3.00. H & M Hennes & Mauritz AB has a 12 month low of $2.46 and a 12 month high of $3.69. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $17.84 billion, a price-to-earnings ratio of 21.00 and a beta of 1.43.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Royal Bank of Canada lowered shares of H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Redburn Atlantic lowered shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a report on Thursday, October 31st. Finally, Barclays raised shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, H & M Hennes & Mauritz AB (publ) presently has an average rating of “Moderate Buy”.

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.