Short Interest in Marine Harvest ASA (OTCMKTS:MHGVY) Drops By 85.3%

Marine Harvest ASA (OTCMKTS:MHGVY) was the recipient of a large drop in short interest during 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 95,101 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MHGVY shares. Kepler Capital Markets raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Pareto Securities cut Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Marine Harvest ASA Trading Up 0.8%

MHGVY opened at $20.65 on Friday. 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 has a market cap of $10.89 billion, a price-to-earnings ratio of 10.98 and a beta of 0.93. The firm has a 50 day simple moving average of $20.29 and a 200 day simple moving average of $21.86. 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 announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 11.68%. The business had revenue of $1.81 billion for 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.