Marine Harvest ASA (OTCMKTS:MHGVY) Short Interest Up 496.0% in August

Marine Harvest ASA (OTCMKTS:MHGVY) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 25,253 shares, an increase of 496.0% from the July 30th total of 4,237 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 21,814 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analyst Weigh In

MHGVY has been the topic of a number of research analyst reports. Pareto Securities cut Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Kepler Capital Markets downgraded Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Marine Harvest ASA Price Performance

Marine Harvest ASA stock opened at $22.32 on Wednesday. Marine Harvest ASA has a 52-week low of $18.06 and a 52-week high of $24.86. The firm has a fifty day moving average of $20.36 and a 200-day moving average of $21.63. The firm has a market capitalization of $11.77 billion, a P/E ratio of 15.72 and a beta of 0.92. The company has a quick ratio of 1.02, a current ratio of 3.15 and a debt-to-equity ratio of 0.68.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its earnings results on Tuesday, August 18th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Marine Harvest ASA had a net margin of 11.19% and a return on equity of 11.78%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 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.