OMV AG (OTCMKTS:OMVKY) Short Interest Down 60.0% in August

OMV AG (OTCMKTS:OMVKY) was the target of a significant 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. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 37,890 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded OMV from a “strong sell” rating to a “hold” rating in a research note 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

OMV Stock Performance

Shares of OTCMKTS:OMVKY opened at $19.48 on Friday. OMV has a twelve month low of $12.52 and a twelve month high of $20.23. The firm has a market cap of $25.50 billion, a PE ratio of 2.06 and a beta of -0.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The business has a fifty day moving average of $17.92 and a 200-day moving average of $17.55.

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.