Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) Stock Short Interest Report for October

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 62 shares, a decrease of 98.3% from the September 30th total of 3,557 shares. Based on an average daily volume of 121 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Hemnet Group Price Performance

Shares of OTCMKTS:HMNTY remained flat at $7.46 on Wednesday. The company’s stock had a trading volume of 593 shares, compared to its average volume of 495. The firm’s 50-day moving average price is $7.98 and its 200-day moving average price is $10.82. Hemnet Group has a 1 year low of $6.40 and a 1 year high of $24.68.

Wall Street Analyst Weigh In

Separately, Nordea Equity Research upgraded shares of Hemnet Group to a “buy” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

About Hemnet Group

Hemnet Group AB operates Hemnet, Sweden’s leading online property marketplace. Through its platform, individuals can search for homes and other properties for sale, while real estate agents and property sellers can publish listings and market residential properties to prospective buyers.

The company’s services include property listings, search and comparison tools, saved searches, alerts and digital features designed to support the home-buying and selling process. Hemnet also offers advertising and visibility products for agents, developers and other property-related businesses.

Hemnet was established in Sweden in 1998 and primarily serves the Swedish residential real estate market through its Hemnet.se platform.