Hammerson plc (OTCMKTS:HMSNF) Sees Significant Drop in Short Interest

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.

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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