OMV AG (OTCMKTS:OMVKY) Short Interest Down 48.8% in July

OMV AG (OTCMKTS:OMVKY) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 39,865 shares, a decrease of 48.8% from the July 15th total of 77,802 shares. Based on an average trading volume of 46,765 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the shares of the stock are short sold.

OMV Trading Up 1.7%

Shares of OMVKY stock traded up $0.33 on Tuesday, reaching $19.64. 9,732 shares of the stock were exchanged, compared to its average volume of 23,005. The stock has a market cap of $25.71 billion, a PE ratio of 2.08 and a beta of -0.08. OMV has a one year low of $12.52 and a one year high of $19.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24. The stock has a 50 day moving average price of $17.32 and a 200 day moving average price of $17.26.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of OMV from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Three analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Strong Sell”.

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.