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

Marine Harvest ASA (OTCMKTS:MHGVY) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 6,366 shares, a drop of 80.0% from the October 15th total of 31,788 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 42,983 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group raised Marine Harvest ASA to a “hold” rating in a research note on Friday, October 2nd. Kepler Capital Markets lowered shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Marine Harvest ASA Trading Up 0.7%

Shares of OTCMKTS MHGVY traded up $0.15 during midday trading on Friday, reaching $23.77. The stock had a trading volume of 7,357 shares, compared to its average volume of 24,152. The company’s 50 day moving average price is $22.17 and its 200 day moving average price is $21.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 3.32. Marine Harvest ASA has a twelve month low of $18.06 and a twelve month high of $24.86. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 15.04 and a beta of 0.85.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Marine Harvest ASA had a net margin of 11.86% and a return on equity of 13.64%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.93 billion.

About Marine Harvest ASA

Marine Harvest ASA was a Norwegian seafood company focused primarily on salmon farming. Its operations covered the salmon production chain, including fish farming, processing and the sale of fresh and value-added seafood products. The company served markets around the world and operated aquaculture and processing activities in several regions, including Norway, Scotland, Ireland, Canada and Chile. In 2019, Marine Harvest changed its name to Mowi ASA, reflecting the name of its founding company. Mowi continues the business as a global producer of farm-raised salmon.