H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Short Interest Up 337.8% in December

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) saw a large increase in short interest during the month of 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 trading volume, of 167,500 shares, the days-to-cover ratio is presently 0.1 days.

H & M Hennes & Mauritz AB (publ) Stock Performance

Shares of HNNMY traded up $0.03 during mid-day trading on Wednesday, hitting $2.52. 199,278 shares of the company’s stock were exchanged, compared to its average volume of 148,708. The company has a quick ratio of 0.55, a current ratio of 1.11 and a debt-to-equity ratio of 1.07. H & M Hennes & Mauritz AB has a 52 week low of $2.46 and a 52 week high of $3.69. The stock’s 50-day simple moving average is $2.74 and its 200-day simple moving average is $3.00. The firm has a market cap of $17.84 billion, a price-to-earnings ratio of 21.00 and a beta of 1.43.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HNNMY. Redburn Atlantic lowered shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 31st. Royal Bank of Canada cut H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Barclays raised H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, H & M Hennes & Mauritz AB (publ) currently has a consensus rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Company Profile

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.