Marine Harvest ASA (OTCMKTS:MHGVY) Short Interest Update

Marine Harvest ASA (OTCMKTS:MHGVY) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,079 shares, a drop of 85.3% from the June 30th total of 14,121 shares. Based on an average daily volume of 95,101 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Marine Harvest ASA Price Performance

Shares of OTCMKTS:MHGVY traded up $0.11 on Monday, reaching $20.76. 6,590 shares of the company traded hands, compared to its average volume of 25,223. The stock has a market capitalization of $10.95 billion, a PE ratio of 11.04 and a beta of 0.93. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.15 and a quick ratio of 1.02. The company’s 50 day moving average is $20.29 and its 200-day moving average is $21.84. Marine Harvest ASA has a fifty-two week low of $18.06 and a fifty-two week high of $24.86.

Marine Harvest ASA (OTCMKTS:MHGVY) last issued its earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Marine Harvest ASA had a return on equity of 11.68% and a net margin of 15.18%.The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MHGVY shares. Kepler Capital Markets raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Pareto Securities downgraded shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Marine Harvest ASA currently has a consensus rating of “Strong Buy”.

Marine Harvest ASA Company Profile

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.