OMV AG (OTCMKTS:OMVKY – Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 26,299 shares, a decrease of 77.4% from the May 14th total of 116,458 shares. Based on an average daily volume of 55,092 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.
OMV Stock Down 6.1%
OTCMKTS OMVKY opened at $16.82 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. OMV has a 52 week low of $12.23 and a 52 week high of $19.00. The firm has a market capitalization of $22.02 billion, a price-to-earnings ratio of 2.00 and a beta of -0.08. The company has a fifty day moving average of $17.92 and a two-hundred day moving average of $16.13.
Wall Street Analyst Weigh In
OMVKY has been the topic of a number of recent research reports. Jefferies Financial Group downgraded OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Zacks Research downgraded OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.
About OMV
OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.
In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.
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