OMV AG (OTCMKTS:OMVKY) Short Interest Up 207.3% in June

OMV AG (OTCMKTS:OMVKY) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 45,286 shares, an increase of 207.3% from the June 15th total of 14,736 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 110,771 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OMVKY. Zacks Research cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Jefferies Financial Group cut OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

OMV Price Performance

Shares of OMVKY stock traded up $0.07 on Wednesday, reaching $17.78. The company’s stock had a trading volume of 463 shares, compared to its average volume of 23,156. The stock’s fifty day simple moving average is $17.29 and its 200-day simple moving average is $16.57. OMV has a 1 year low of $12.52 and a 1 year high of $19.00. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $23.28 billion, a price-to-earnings ratio of 2.11 and a beta of -0.07.

OMV Company Profile

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.