OMV AG (OTCMKTS:OMVKY) Sees Large Growth in Short Interest

OMV AG (OTCMKTS:OMVKY) was the target of a large 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 company’s stock are sold short. Based on an average daily volume of 20,301 shares, the days-to-cover ratio is currently 1.5 days.

OMV Stock Performance

Shares of OTCMKTS:OMVKY traded down $0.26 during trading on Wednesday, reaching $20.71. The stock had a trading volume of 11,894 shares, compared to its average volume of 21,664. The stock has a fifty day simple moving average of $18.99 and a two-hundred day simple moving average of $17.91. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.27. OMV has a 52 week low of $12.52 and a 52 week high of $21.05. The firm has a market capitalization of $27.12 billion, a price-to-earnings ratio of 2.19 and a beta of -0.07.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of OMV from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently 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.