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

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

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

Shares of OTCMKTS:HNNMY traded down $0.03 during mid-day trading on Monday, hitting $2.49. 117,881 shares of the company traded hands, compared to its average volume of 141,027. The stock has a 50-day moving average price of $2.76 and a two-hundred day moving average price of $3.01. H & M Hennes & Mauritz AB has a 12-month low of $2.46 and a 12-month high of $3.69. The stock has a market cap of $17.63 billion, a P/E ratio of 20.75 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.07.

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

The company also recently announced a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were paid a $0.0625 dividend. This is a positive change from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. The ex-dividend date was Friday, November 8th. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio is presently 58.33%.

Analysts Set New Price Targets

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