Mowi ASA (OTCMKTS:MHGVY) Short Interest Update

Mowi ASA (OTCMKTS:MHGVY) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 13,000 shares, an increase of 97.0% from the March 15th total of 6,600 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 22,600 shares, the short-interest ratio is presently 0.6 days.

Mowi ASA Price Performance

MHGVY stock traded up $0.18 during trading on Friday, reaching $17.94. 15,397 shares of the company were exchanged, compared to its average volume of 25,793. Mowi ASA has a twelve month low of $15.89 and a twelve month high of $20.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.13 and a quick ratio of 0.79. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 2.45 and a beta of 1.21. The company has a 50-day moving average of $18.59 and a two-hundred day moving average of $18.22.

Mowi ASA (OTCMKTS:MHGVY) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%. As a group, equities analysts predict that Mowi ASA will post 0.95 earnings per share for the current fiscal year.

Mowi ASA Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were issued a dividend of $0.1773 per share. This is a positive change from Mowi ASA’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, February 24th. Mowi ASA’s payout ratio is presently 54.08%.

Wall Street Analyst Weigh In

MHGVY has been the subject of several recent analyst reports. Barclays cut shares of Mowi ASA from a “strong-buy” rating to a “hold” rating in a research report on Sunday, April 6th. Kepler Capital Markets raised shares of Mowi ASA to a “strong-buy” rating in a report on Tuesday, March 11th.

Mowi ASA Company Profile

Mowi ASA, a seafood company, farms, produces, and supplies Atlantic salmon products worldwide. It operates through three segments: Feed, Farming, and Sales and Marketing. The company is involved in the salmon feed production, salmon farming and primary processing, and seafood secondary processing activities.