Hammerson plc (OTCMKTS:HMSNF – Get Rating) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 621,300 shares, a decrease of 46.2% from the April 30th total of 1,154,900 shares. Based on an average trading volume of 5,500 shares, the days-to-cover ratio is currently 113.0 days.
Shares of OTCMKTS HMSNF remained flat at $$0.33 during midday trading on Friday. The business’s 50-day moving average price is $0.38 and its 200-day moving average price is $0.42. Hammerson has a one year low of $0.32 and a one year high of $0.62.
Several equities research analysts have recently issued reports on HMSNF shares. Zacks Investment Research raised shares of Hammerson from a “sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. cut shares of Hammerson from a “neutral” rating to an “underweight” rating in a research note on Wednesday, April 13th. Finally, Royal Bank of Canada dropped their price target on shares of Hammerson from GBX 36 ($0.45) to GBX 33 ($0.42) in a research note on Friday, March 25th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, Hammerson has a consensus rating of “Hold” and a consensus price target 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.
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