OMV Aktiengesellschaft (OTCMKTS:OMVKY) Sees Large Increase in Short Interest

OMV Aktiengesellschaft (OTCMKTS:OMVKY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,200 shares, a growth of 4,100.0% from the February 28th total of 100 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 23,200 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded shares of OMV Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 18th.

OMV Aktiengesellschaft Trading Up 1.4 %

Shares of OMVKY stock traded up $0.18 on Thursday, reaching $12.88. The company had a trading volume of 11,285 shares, compared to its average volume of 19,216. OMV Aktiengesellschaft has a 12 month low of $9.42 and a 12 month high of $13.17. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 0.28. The stock has a market cap of $16.86 billion, a PE ratio of 5.17, a PEG ratio of 0.80 and a beta of 0.67. The company has a 50-day moving average of $10.95 and a 200-day moving average of $10.46.

OMV Aktiengesellschaft (OTCMKTS:OMVKY) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $0.41 by $1.40. OMV Aktiengesellschaft had a net margin of 4.02% and a return on equity of 8.35%. On average, equities analysts forecast that OMV Aktiengesellschaft will post 1.64 earnings per share for the current year.

About OMV Aktiengesellschaft

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.