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

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HNNMY. Redburn Atlantic lowered H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 31st. Barclays raised shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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

HNNMY opened at $2.82 on Wednesday. The business has a 50 day moving average price of $3.19 and a two-hundred day moving average price of $3.22. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.11 and a quick ratio of 0.55. The company has a market capitalization of $19.97 billion, a price-to-earnings ratio of 23.67 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 announced its quarterly earnings data 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). The firm had revenue of $5.61 billion during 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%. Research analysts predict that H & M Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

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

The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be paid a $0.0625 dividend. 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 currently 66.67%.

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.