Short Interest in Marine Harvest ASA (OTCMKTS:MHGVY) Declines By 65.0%
by Jessica Moore · The Cerbat GemMarine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 14,640 shares, a drop of 65.0% from the April 15th total of 41,771 shares. Based on an average daily trading volume, of 52,312 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.
Wall Street Analyst Weigh In
MHGVY has been the topic of several research reports. Pareto Securities upgraded shares of Marine Harvest ASA to a “hold” rating in a report on Friday, January 16th. Kepler Capital Markets upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.
Get Our Latest Stock Report on MHGVY
Marine Harvest ASA Stock Up 1.3%
Shares of OTCMKTS:MHGVY traded up $0.27 during trading on Friday, hitting $21.15. The company’s stock had a trading volume of 39,139 shares, compared to its average volume of 30,130. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 2.93. Marine Harvest ASA has a fifty-two week low of $18.27 and a fifty-two week high of $24.86. The stock’s 50-day moving average price is $22.29 and its two-hundred day moving average price is $22.73. The company has a market capitalization of $11.15 billion, a PE ratio of 11.25 and a beta of 0.92.
Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Marine Harvest ASA had a return on equity of 12.23% and a net margin of 15.18%.The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion.
About Marine Harvest ASA
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.