Marine Harvest ASA (OTCMKTS:MHGVY) Short Interest Update

Marine Harvest ASA (OTCMKTS:MHGVY) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 38,821 shares, a growth of 404.0% from the August 31st total of 7,702 shares. Based on an average daily trading volume, of 40,884 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the company’s shares are sold short.

Marine Harvest ASA Trading Up 3.2%

MHGVY traded up $0.67 during mid-day trading on Friday, hitting $21.76. 19,090 shares of the stock were exchanged, compared to its average volume of 23,119. The firm’s fifty day moving average is $21.43 and its two-hundred day moving average is $21.34. Marine Harvest ASA has a 1-year low of $18.06 and a 1-year high of $24.86. The company has a current ratio of 3.32, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a market cap of $11.47 billion, a PE ratio of 15.32 and a beta of 0.92.

Marine Harvest ASA (OTCMKTS:MHGVY) last announced its earnings results on Tuesday, August 18th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Marine Harvest ASA had a return on equity of 11.74% and a net margin of 11.19%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MHGVY shares. Pareto Securities lowered shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Kepler Capital Markets downgraded shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Marine Harvest ASA currently has an average rating of “Buy”.

Marine Harvest ASA Company Profile

Marine Harvest ASA was a Norwegian seafood company focused primarily on the farming, processing and marketing of Atlantic salmon. Its activities covered the aquaculture value chain, including hatcheries, marine farming operations, harvesting, processing and distribution. The company sold fresh and prepared salmon products to retailers, food-service providers and industrial customers.

Marine Harvest operated internationally, with salmon-farming and processing activities in major production regions including Norway, Scotland, Canada, Chile, Ireland and the Faroe Islands.