OMV AG (OTCMKTS:OMVKY) Sees Significant Decline in Short Interest

OMV AG (OTCMKTS:OMVKY) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 14,736 shares, a drop of 44.0% from the May 31st total of 26,299 shares. Based on an average daily trading volume, of 73,702 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

OMVKY has been the topic of a number of research reports. Zacks Research lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Jefferies Financial Group lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

OMV Price Performance

Shares of OTCMKTS OMVKY opened at $15.75 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24. The stock has a market capitalization of $20.62 billion, a price-to-earnings ratio of 1.87 and a beta of -0.08. The firm’s 50 day simple moving average is $17.40 and its 200-day simple moving average is $16.36. OMV has a 12 month low of $12.52 and a 12 month high of $19.00.

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.