Short Interest in Austevoll Seafood ASA (OTCMKTS:ASTVF) Expands By 65.6%

Austevoll Seafood ASA (OTCMKTS:ASTVF) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 292,751 shares, an increase of 65.6% from the June 30th total of 176,770 shares. Based on an average daily trading volume, of 250 shares, the short-interest ratio is currently 1,171.0 days.

Analyst Upgrades and Downgrades

Separately, Pareto Securities downgraded shares of Austevoll Seafood ASA to a “sell” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Austevoll Seafood ASA Price Performance

Shares of OTCMKTS ASTVF opened at $8.85 on Friday. Austevoll Seafood ASA has a 52-week low of $8.15 and a 52-week high of $11.00. The firm has a fifty day moving average of $8.72 and a 200-day moving average of $9.69.

Austevoll Seafood ASA Company Profile

Austevoll Seafood ASA is a Norway?based integrated seafood company engaged in the harvesting, farming, processing and marketing of seafood products. Headquartered in Austevoll, the company operates across multiple segments, including pelagic fishing, whitefish capture, salmon farming and production of feed. Its portfolio spans fresh and frozen fish products, omega-3 oils, fishmeal, and value-added seafood items supplied to retail, foodservice and industrial customers.

In its pelagic division, Austevoll Seafood targets species such as herring, blue whiting and mackerel through a modern fleet of purse seiners and trawlers operating primarily in the Northeast Atlantic.