Home Inns & Hotels Management Inc. Short Interest Down 23.5% in May (HMIN)
Shares of Home Inns & Hotels Management Inc. (NASDAQ:HMIN) were the target of a large drop in short interest in May. As of May 30th, there was short interest totalling 556,011 shares, a drop of 23.5% from the May 15th total of 727,278 shares, StockRatingsNetwork reports. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 162,451 shares, the short-interest ratio is presently 3.4 days.
A number of research firms have recently commented on HMIN. Analysts at Zacks upgraded shares of Home Inns & Hotels Management Inc. from a “neutral” rating to an “outperform” rating in a research note on Monday, June 2nd. They now have a $35.10 price target on the stock. Separately, analysts at Macquarie upgraded shares of Home Inns & Hotels Management Inc. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 13th. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Home Inns & Hotels Management Inc. in a research note on Tuesday, May 13th. They now have a $35.00 price target on the stock. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.62.
Shares of Home Inns & Hotels Management Inc. (NASDAQ:HMIN) opened at 34.16 on Friday. Home Inns & Hotels Management Inc. 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 $30.32 and a 200-day moving average of $34.92. The company has a market cap of $1.624 billion and a price-to-earnings ratio of 46.34.
Home Inns & Hotels Management Inc. (NASDAQ:HMIN) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.58. The company had revenue of $236.90 million for the quarter. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts expect that Home Inns & Hotels Management Inc. will post $10.36 EPS for the current fiscal year.
Home Inns & Hotels Management Inc (NASDAQ:HMIN), is an economy hotel chain in the People’s Republic of China.
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