Short Interest in HMN Financial, Inc. (NASDAQ:HMNF) Decreases By 61.6%

HMN Financial, Inc. (NASDAQ:HMNF) saw a large decline in short interest in September. As of September 30th, there was short interest totalling 4,300 shares, a decline of 61.6% from the August 30th total of 11,200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is presently 1.4 days.

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its position in shares of HMN Financial by 24.1% in the 2nd quarter. Acadian Asset Management LLC now owns 4,298 shares of the bank’s stock valued at $90,000 after buying an additional 835 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of HMN Financial by 2.9% in the 2nd quarter. Renaissance Technologies LLC now owns 103,700 shares of the bank’s stock valued at $2,178,000 after buying an additional 2,900 shares in the last quarter. Castine Capital Management LLC raised its position in shares of HMN Financial by 9.2% in the 1st quarter. Castine Capital Management LLC now owns 207,140 shares of the bank’s stock valued at $4,460,000 after buying an additional 17,383 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of HMN Financial by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 339,922 shares of the bank’s stock valued at $6,669,000 after buying an additional 3,337 shares in the last quarter. Institutional investors own 41.73% of the company’s stock.

Shares of NASDAQ:HMNF traded down $0.34 during midday trading on Friday, hitting $21.51. The stock had a trading volume of 5,867 shares, compared to its average volume of 5,466. The company’s 50-day moving average price is $21.60 and its 200-day moving average price is $21.49. The company has a market capitalization of $106.71 million, a P/E ratio of 10.64 and a beta of 0.19. HMN Financial has a fifty-two week low of $18.45 and a fifty-two week high of $23.34.

HMN Financial (NASDAQ:HMNF) last issued its earnings results on Thursday, July 18th. The bank reported $0.62 EPS for the quarter. The company had revenue of $9.49 million during the quarter. HMN Financial had a net margin of 24.23% and a return on equity of 11.32%.

Separately, ValuEngine cut shares of HMN Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.

About HMN Financial

HMN Financial, Inc operates as a bank holding company for Home Federal Savings Bank that provides retail banking products and services. The company offers various deposit accounts, such as savings, negotiable order of withdrawal, non-interest bearing checking, money market, and certificate accounts, including individual retirement accounts.

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