Short Interest in Hermès International Société en commandite par actions (OTCMKTS:HESAY) Declines By 65.1%

Hermès International Société en commandite par actions (OTCMKTS:HESAY – Get Rating) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 3,700 shares, a drop of 65.1% from the April 30th total of 10,600 shares. Based on an average daily trading volume, of 100,000 shares, the days-to-cover ratio is presently 0.0 days.

A number of research firms have issued reports on HESAY. Barclays raised their price target on shares of Hermès International Société en commandite par actions from €1,290.00 ($1,372.34) to €1,340.00 ($1,425.53) and gave the stock an “equal weight” rating in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. raised their price target on shares of Hermès International Société en commandite par actions from €1,150.00 ($1,223.40) to €1,205.00 ($1,281.91) and gave the stock a “neutral” rating in a research report on Tuesday, April 19th. UBS Group raised their price objective on shares of Hermès International Société en commandite par actions from €1,312.00 ($1,395.74) to €1,324.00 ($1,408.51) in a research note on Tuesday, April 5th. Bryan, Garnier & Co raised shares of Hermès International Société en commandite par actions from a “neutral” rating to a “buy” rating in a research note on Friday, March 18th. Finally, Societe Generale raised their price objective on shares of Hermès International Société en commandite par actions from €1,510.00 ($1,606.38) to €1,624.00 ($1,727.66) in a research note on Wednesday, April 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,178.14.

Hermès International Société en commandite par actions stock opened at $109.55 on Thursday. The company’s fifty day moving average price is $127.06 and its 200 day moving average price is $147.58. Hermès International Société en commandite par actions has a 1 year low of $104.15 and a 1 year high of $190.43.

The business also recently declared a dividend, which was paid on Wednesday, May 11th. Investors of record on Tuesday, April 26th were paid a $0.4578 dividend. The ex-dividend date of this dividend was Monday, April 25th. This represents a yield of 0.47%. This is a boost from Hermès International Société en commandite par actions’s previous dividend of $0.18.

About Hermès International Société en commandite par actions (Get Rating)

Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods. The company offers leather goods and saddlery, such as bags for men and women, clutches, briefcases, luggage, small leather goods, diaries and writing objects, saddles, bridles, and a range of equestrian products and clothing; ready-to-wear garments for men and women; and accessories, including jewelry, belts, hats, gloves, the Internet of Things products, and shoes.

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