Hugo Boss AG (OTCMKTS:BOSSY) Sees Large Drop in Short Interest

Hugo Boss AG (OTCMKTS:BOSSY) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 300 shares, a drop of 97.5% from the December 31st total of 11,800 shares. Based on an average daily volume of 8,500 shares, the short-interest ratio is currently 0.0 days.

Hugo Boss Stock Up 0.3 %

BOSSY opened at $9.60 on Wednesday. The company has a market capitalization of $3.31 billion, a PE ratio of 14.33 and a beta of 1.03. The firm has a 50-day simple moving average of $8.67 and a two-hundred day simple moving average of $8.58. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.79. Hugo Boss has a 52 week low of $6.59 and a 52 week high of $13.86.

Hugo Boss (OTCMKTS:BOSSY) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.17 earnings per share for the quarter. Hugo Boss had a return on equity of 16.17% and a net margin of 5.08%. The business had revenue of $1.13 billion during the quarter. Analysts forecast that Hugo Boss will post 0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BOSSY shares. UBS Group raised Hugo Boss from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Citigroup raised Hugo Boss to a “hold” rating in a research note on Wednesday, October 2nd.

About Hugo Boss

Hugo Boss AG, together with its subsidiaries, provides apparels, shoes, and accessories for men and women worldwide. It also offers licensed products comprising of fragrances, eyewear, watches, children’s fashion, equestrian, and cycling. The company markets and sells its products under the BOSS and HUGO brand names through freestanding stores, shop-in-shops, factory outlets, multi-brand stores, and franchise business, as well as online retailers, distribution, and stores.