OMV AG (OTCMKTS:OMVKY – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 14,736 shares, a decrease of 44.0% from the May 31st total of 26,299 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 73,702 shares, the days-to-cover ratio is presently 0.2 days.
OMV Price Performance
Shares of OTCMKTS:OMVKY opened at $16.23 on Friday. The business’s 50 day simple moving average is $17.36 and its 200-day simple moving average is $16.39. The firm has a market capitalization of $21.25 billion, a price-to-earnings ratio of 1.93 and a beta of -0.07. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24. OMV has a 12 month low of $12.52 and a 12 month high of $19.00.
Analysts Set New Price Targets
Several equities research analysts have commented on OMVKY shares. Zacks Research lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Jefferies Financial Group downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.
OMV Company Profile
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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