Short Interest in Heritage Media Corp. (OTCMKTS:OLVI) Expands By 179.5%

Heritage Media Corp. (OTCMKTS:OLVI) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 9,944 shares, a growth of 179.5% from the February 26th total of 3,558 shares. Based on an average daily trading volume, of 52,605 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 52,605 shares, the days-to-cover ratio is presently 0.2 days.

Heritage Media Stock Performance

Heritage Media stock remained flat at $0.20 during mid-day trading on Wednesday. 48,000 shares of the company’s stock were exchanged, compared to its average volume of 23,408. The firm has a market capitalization of $128.70 million, a P/E ratio of -5.00 and a beta of -2.30. Heritage Media has a 12 month low of $0.16 and a 12 month high of $2.57. The stock’s fifty day simple moving average is $0.25 and its two-hundred day simple moving average is $0.33.

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

About Heritage Media

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