Marine Harvest ASA (OTCMKTS:MHGVY) Short Interest Up 103.8% in July

Marine Harvest ASA (OTCMKTS:MHGVY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 4,237 shares, a growth of 103.8% from the July 15th total of 2,079 shares. Based on an average trading volume of 36,368 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Marine Harvest ASA Trading Up 0.0%

Shares of OTCMKTS:MHGVY traded up $0.01 during midday trading on Friday, reaching $21.43. The company’s stock had a trading volume of 7,604 shares, compared to its average volume of 16,595. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 11.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.02 and a current ratio of 3.15. The firm has a 50 day moving average price of $20.17 and a two-hundred day moving average price of $21.70. 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 released its earnings results on Wednesday, May 13th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Marine Harvest ASA had a return on equity of 11.68% and a net margin of 15.18%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MHGVY. Pareto Securities lowered shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Kepler Capital Markets raised shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Marine Harvest ASA currently has a consensus rating of “Strong Buy”.

Marine Harvest ASA Company Profile

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.