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

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was the target of a significant drop in short interest during the month of 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 trading volume of 116,200 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

HNNMY has been the topic of a number of recent research reports. 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. Redburn Atlantic cut shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research 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 investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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

HNNMY stock traded up $0.02 during trading on Monday, hitting $2.77. The company had a trading volume of 147,215 shares, compared to its average volume of 40,276. 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 firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of 23.04 and a beta of 1.45. The business has a 50 day moving average of $3.07 and a 200 day moving average of $3.17.

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

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

The business also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend 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 presently 58.34%.

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.