Short Interest in Home Inns & Hotels Management Drops By 24.7% (HMIN)
Home Inns & Hotels Management (NASDAQ:HMIN) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 742,819 shares, a decline of 24.7% from the January 15th total of 986,142 shares, AnalystRatingsNetwork reports. Based on an average trading volume of 452,944 shares, the short-interest ratio is presently 1.6 days. Currently, 0.0% of the company’s shares are short sold.
Separately, analysts at Zacks downgraded shares of Home Inns & Hotels Management from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 15th. They now have a $46.90 price target on the stock. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Home Inns & Hotels Management presently has an average rating of “Buy” and an average target price of $45.18.
Shares of Home Inns & Hotels Management (NASDAQ:HMIN) opened at 37.57 on Friday. Home Inns & Hotels Management has a 52 week low of $23.93 and a 52 week high of $44.17. The stock has a 50-day moving average of $38.00 and a 200-day moving average of $36.89. The company has a market cap of $1.757 billion and a P/E ratio of 62.14.
Home Inns & Hotels Management Inc (NASDAQ:HMIN) is an economy hotel chain in the People’s Republic of China.
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