Marine Harvest ASA (OTCMKTS:MHGVY) Sees Significant Decrease in Short Interest

Marine Harvest ASA (OTCMKTS:MHGVY) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 14,640 shares, a drop of 65.0% from the April 15th total of 41,771 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 52,312 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Pareto Securities upgraded shares of Marine Harvest ASA to a “hold” rating in a research report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Marine Harvest ASA Price Performance

MHGVY stock traded up $0.03 during trading on Thursday, hitting $20.91. 19,471 shares of the company’s stock traded hands, compared to its average volume of 20,700. Marine Harvest ASA has a 52 week low of $18.27 and a 52 week high of $24.86. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 2.93. The business has a fifty day simple moving average of $22.36 and a 200 day simple moving average of $22.75. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 13.15 and a beta of 0.92.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. Marine Harvest ASA had a net margin of 13.70% and a return on equity of 12.23%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion.

About Marine Harvest ASA

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.