Heritage Media Corp. (OTCMKTS:OLVI) Sees Large Increase in Short Interest

Heritage Media Corp. (OTCMKTS:OLVI) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 8,425 shares, a growth of 146.5% from the April 15th total of 3,418 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 83,660 shares, the short-interest ratio is presently 0.1 days.

Heritage Media Stock Performance

Heritage Media stock remained flat at $0.21 during mid-day trading on Friday. 3,865 shares of the company’s stock were exchanged, compared to its average volume of 33,032. Heritage Media has a 12 month low of $0.16 and a 12 month high of $2.50. The firm has a market capitalization of $134.86 million, a P/E ratio of -5.25 and a beta of -1.94. The stock’s fifty day simple moving average is $0.25 and its two-hundred day simple moving average is $0.24.

Heritage Media (OTCMKTS:OLVI) last posted its quarterly earnings data on Monday, March 16th. The company reported ($0.05) earnings per share for the quarter. The firm had revenue of $22.37 million during the quarter.

About Heritage Media

Heritage Media Corporation was formerly known as Lignin Industries Inc Heritage Media Corporation is based in Calgary, Canada.