OMV AG (OTCMKTS:OMVKY) Short Interest Update

OMV AG (OTCMKTS:OMVKY) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 15,957 shares, a decrease of 60.0% from the July 30th total of 39,865 shares. Based on an average trading volume of 37,890 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

OMV Trading Down 0.3%

OMV stock opened at $19.62 on Friday. OMV has a one year low of $12.52 and a one year high of $20.23. The company’s fifty day moving average price is $17.85 and its two-hundred day moving average price is $17.53. The company has a market capitalization of $25.69 billion, a price-to-earnings ratio of 2.08 and a beta of -0.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24.

Analysts Set New Price Targets

Separately, Zacks Research upgraded OMV from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Four research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, OMV currently has an average 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.