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.
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.
- Get a free copy of the StockNews.com research report on Hammerson (HMSNF)
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