Short Interest in H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Drops By 31.8%

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY - Get Free Report) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 4,500 shares, a drop of 31.8% from the November 30th total of 6,600 shares. Based on an average daily volume of 114,800 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HNNMY shares. Redburn Atlantic lowered 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. Royal Bank of Canada lowered shares of H & M Hennes & Mauritz AB (publ) from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Finally, Barclays raised H & M Hennes & Mauritz AB (publ) to a "strong-buy" rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, H & M Hennes & Mauritz AB (publ) presently has an average rating of "Moderate Buy".

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

Shares of OTCMKTS HNNMY traded down $0.04 during midday trading on Friday, hitting $2.67. The company had a trading volume of 24,483 shares, compared to its average volume of 41,776. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 22.25 and a beta of 1.43. H & M Hennes & Mauritz AB has a twelve month low of $2.54 and a twelve month high of $3.69. The business has a 50-day simple moving average of $2.86 and a two-hundred day simple moving average of $3.08. The company has a quick ratio of 0.55, a current ratio of 1.11 and a debt-to-equity ratio of 1.07.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY - Get Free Report) last announced its quarterly earnings results on Thursday, September 26th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). H & M Hennes & Mauritz AB (publ) had a return on equity of 23.03% and a net margin of 4.30%. The firm had revenue of $5.61 billion for the quarter, compared to analysts' expectations of $5.84 billion. Equities research analysts anticipate that H & M Hennes & Mauritz AB will post 0.14 earnings per share for the current year.

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

The company also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were issued 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 of this dividend was Friday, November 8th. H & M Hennes & Mauritz AB (publ)'s dividend payout ratio is 58.33%.

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.