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

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 4,500 shares, a decrease of 31.8% from the November 30th total of 6,600 shares. Based on an average trading volume of 114,800 shares, the short-interest ratio is presently 0.0 days.

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

Shares of OTCMKTS:HNNMY traded down $0.04 during midday trading on Monday, reaching $2.67. 124,745 shares of the company’s stock traded hands, compared to its average volume of 42,106. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.55 and a current ratio of 1.11. H & M Hennes & Mauritz AB has a one year low of $2.54 and a one year high of $3.69. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 22.25 and a beta of 1.43. The stock has a 50 day moving average of $2.86 and a 200 day moving average of $3.08.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last posted its earnings results on Thursday, September 26th. The company reported $0.03 earnings per share (EPS) 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 company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.84 billion. As a group, equities research analysts anticipate that H & M Hennes & Mauritz AB will post 0.14 EPS for the current fiscal year.

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

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HNNMY. Redburn Atlantic downgraded H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a report on Thursday, October 31st. Royal Bank of Canada downgraded 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. 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 analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.