H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Short Interest Down 15.8% in November

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 6,400 shares, a drop of 15.8% from the October 31st total of 7,600 shares. Based on an average daily volume of 116,200 shares, the short-interest ratio is presently 0.1 days.

H & M Hennes & Mauritz AB (publ) Stock Up 0.9 %

Shares of HNNMY stock traded up $0.02 during trading hours on Monday, reaching $2.77. 147,215 shares of the company’s stock were exchanged, compared to its average volume of 40,276. The company has a market cap of $19.58 billion, a price-to-earnings ratio of 23.04 and a beta of 1.45. H & M Hennes & Mauritz AB has a fifty-two week low of $2.54 and a fifty-two week 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 stock’s 50 day moving average is $3.07 and its 200-day moving average is $3.17.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last posted its earnings results on Thursday, September 26th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.84 billion. H & M Hennes & Mauritz AB (publ) had a net margin of 4.30% and a return on equity of 23.03%. Analysts predict that H & M Hennes & Mauritz AB will post 0.15 earnings per share for the current fiscal year.

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

The company also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were issued a $0.0625 dividend. The ex-dividend date was Friday, November 8th. This is an increase from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. H & M Hennes & Mauritz AB (publ)’s payout ratio is currently 58.34%.

Wall Street Analysts Forecast Growth

HNNMY has been the topic of several research reports. Barclays raised H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research report on Friday, September 27th. Redburn Atlantic downgraded H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada cut shares of H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock 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.