OMV AG (OTCMKTS:OMVKY) Short Interest Update

OMV AG (OTCMKTS:OMVKY) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 77,802 shares, an increase of 71.8% from the June 30th total of 45,286 shares. Based on an average daily trading volume, of 103,695 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Zacks Research downgraded OMV from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell”.

OMV Stock Up 0.3%

Shares of OMVKY opened at $18.35 on Friday. The company’s 50-day simple moving average is $17.24 and its 200-day simple moving average is $16.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. OMV has a 1 year low of $12.52 and a 1 year high of $19.00. The stock has a market capitalization of $24.02 billion, a PE ratio of 1.94 and a beta of -0.07.

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.