Short Interest in Harvey Norman Holdings Limited (OTCMKTS:HNORY) Drops By 96.4%

Harvey Norman Holdings Limited (OTCMKTS:HNORY) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2 shares, a decrease of 96.4% from the May 31st total of 56 shares. Based on an average daily volume of 245 shares, the days-to-cover ratio is currently 0.0 days.

Harvey Norman Price Performance

Harvey Norman stock remained flat at $15.62 during mid-day trading on Thursday. The business’s 50 day moving average price is $13.56 and its two-hundred day moving average price is $12.87. Harvey Norman has a 12 month low of $12.14 and a 12 month high of $17.64.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on shares of Harvey Norman in a research note on Monday, May 18th. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Harvey Norman presently has a consensus rating of “Sell”.

Harvey Norman Company Profile

Harvey Norman Holdings Limited is a global multi?category retailer specializing in the sale of furniture, bedding, electrical appliances, computing and communications equipment, kitchen products and home entertainment systems. Operating primarily through a franchise model, the company offers a wide range of branded and private?label goods to both consumer and business customers. In addition to traditional brick?and?mortar showrooms, Harvey Norman maintains e-commerce platforms across its key markets, enabling an integrated omnichannel shopping experience.

Founded in 1982 by Gerry Harvey and Ian Norman in Sydney, Australia, Harvey Norman has grown from a single store into one of the country’s largest home and lifestyle retailers.