Short Interest in Hammerson plc (OTCMKTS:HMSNF) Decreases By 42.2%

Hammerson plc (OTCMKTS:HMSNF – Get Rating) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 1,154,900 shares, a decline of 42.2% from the April 15th total of 1,998,400 shares. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is presently 199.1 days.

Shares of Hammerson stock traded up $0.01 on Friday, hitting $0.33. 2,701 shares of the company traded hands, compared to its average volume of 2,658. The company has a 50-day moving average price of $0.40 and a 200 day moving average price of $0.43. Hammerson has a 12-month low of $0.32 and a 12-month high of $0.62.

HMSNF has been the topic of several recent research reports. JPMorgan Chase & Co. lowered shares of Hammerson from a “neutral” rating to an “underweight” rating in a research report on Wednesday, April 13th. Zacks Investment Research upgraded shares of Hammerson from a “sell” rating to a “hold” rating in a research report on Friday, April 29th. Finally, Royal Bank of Canada lowered their price objective on shares of Hammerson from GBX 36 ($0.44) to GBX 33 ($0.41) in a research report on Friday, March 25th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.75.

Hammerson Company Profile (Get Rating)

At Hammerson, we create vibrant, continually evolving spaces, in and around major cities, where people and brands want to be. We seek to deliver value for all our stakeholders and to create a positive and sustainable impact for generations to come. We own and operate high-quality flagship destinations and have investments in premium outlets in selected European countries and have a City Quarters strategy to evolve our portfolio beyond retail.

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