Hammerson Plc (OTCMKTS:HMSNF) Sees Large Increase in Short Interest

Hammerson Plc (OTCMKTS:HMSNF) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 680,400 shares, an increase of 8,300.0% from the October 31st total of 8,100 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 6,804.0 days.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Hammerson to a “strong-buy” rating in a research report on Wednesday, September 18th.

Hammerson Price Performance

Hammerson stock remained flat at $3.07 during midday trading on Wednesday. The firm’s 50 day simple moving average is $3.10 and its 200-day simple moving average is $1.33. Hammerson has a 12-month low of $3.07 and a 12-month high of $4.25.

Hammerson Company Profile

Hammerson is a cities business. An owner, operator and developer of prime urban real estate, with a portfolio value of £4.7billion (as at 30 June 2023), in some of the fastest growing cities in the UK, Ireland and France. Our portfolio and adjacent lands leverage our experience and capabilities to create and manage exceptional city centre destinations with the opportunity to drive value and reshape entire neighbourhoods.