Short Interest in OMV AG (OTCMKTS:OMVKY) Expands By 95.3%

OMV AG (OTCMKTS:OMVKY) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 31,169 shares, a growth of 95.3% from the August 15th total of 15,957 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 20,301 shares, the short-interest ratio is presently 1.5 days.

OMV Stock Down 0.2%

Shares of OMVKY stock opened at $20.81 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.22 and a quick ratio of 0.92. OMV has a one year low of $12.52 and a one year high of $21.05. The company’s fifty day moving average price is $18.90 and its 200-day moving average price is $17.87. The company has a market capitalization of $27.24 billion, a price-to-earnings ratio of 2.20 and a beta of -0.07.

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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

OMV Company Profile

OMV Aktiengesellschaft is an Austria-based, integrated energy, fuels and chemicals company headquartered in Vienna. Founded in 1956 as Österreichische Mineralölverwaltung, the company has developed from a national oil enterprise into an international energy group serving customers primarily in Europe and selected markets in the Middle East and North Africa.

OMV’s energy operations include the exploration and production of crude oil and natural gas, natural gas trading and supply, and the processing and marketing of fuels.