Hugo Boss (OTCMKTS:BOSSY) Short Interest Down 65.5% in December

Hugo Boss (OTCMKTS:BOSSY) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 495 shares, a decline of 65.5% from the November 30th total of 1,434 shares. Based on an average daily trading volume, of 2,919 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,919 shares, the short-interest ratio is presently 0.2 days.

Hugo Boss Trading Up 2.0%

Hugo Boss stock opened at $8.87 on Friday. Hugo Boss has a 1-year low of $6.92 and a 1-year high of $10.21. The firm has a market capitalization of $3.06 billion, a PE ratio of 12.32 and a beta of 0.63. The firm’s 50 day simple moving average is $8.78 and its 200 day simple moving average is $9.32.

Hugo Boss (OTCMKTS:BOSSY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.01 billion. Hugo Boss had a net margin of 5.31% and a return on equity of 15.59%. Research analysts forecast that Hugo Boss will post 0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets raised Hugo Boss to a “hold” rating in a report on Monday, December 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Hugo Boss

Hugo Boss AG is a German luxury fashion group that designs, produces and distributes a broad range of apparel, accessories and footwear under its two core brands, BOSS and HUGO. The company’s product portfolio spans men’s and women’s business wear, casual collections and athleisure, as well as fragrances, eyewear and leather goods. Hugo Boss operates through a multi-channel network that includes directly operated retail stores, e-commerce platforms and wholesale partnerships with department stores and specialty retailers.

Founded in 1924 by Hugo Ferdinand Boss and headquartered in Metzingen, Germany, the company originally produced workwear and uniforms before pivoting to high-end fashion in the latter half of the 20th century.