H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Short Interest Down 62.4% in October

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 7,600 shares, a decline of 62.4% from the October 15th total of 20,200 shares. Based on an average daily volume of 40,800 shares, the days-to-cover ratio is currently 0.2 days.

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

OTCMKTS HNNMY opened at $2.75 on Friday. The stock’s 50-day moving average price is $3.18 and its two-hundred day moving average price is $3.21. 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 cap of $19.47 billion, a PE ratio of 23.08 and a beta of 1.45. H & M Hennes & Mauritz AB has a 1 year low of $2.54 and a 1 year high of $3.69.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last released its earnings results on Thursday, September 26th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.84 billion. On average, analysts predict that H & M Hennes & Mauritz AB will post 0.15 EPS for the current year.

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

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.0625 per share. The ex-dividend date is Friday, November 8th. This is a boost from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. H & M Hennes & Mauritz AB (publ)’s payout ratio is 58.34%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HNNMY. Redburn Atlantic cut 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. Barclays upgraded 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, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average 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.