Mowi ASA (OTCMKTS:MHGVY) Sees Significant Increase in Short Interest

Mowi ASA (OTCMKTS:MHGVY) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 32,200 shares, an increase of 531.4% from the October 31st total of 5,100 shares. Based on an average daily trading volume, of 63,200 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded shares of Mowi ASA to a “hold” rating in a research note on Thursday, September 19th.

Mowi ASA Stock Performance

OTCMKTS:MHGVY traded up $0.27 during trading hours on Friday, reaching $18.21. The stock had a trading volume of 19,921 shares, compared to its average volume of 29,513. Mowi ASA has a 12-month low of $15.89 and a 12-month high of $19.80. The stock has a 50 day simple moving average of $17.85 and a 200 day simple moving average of $17.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.79 and a current ratio of 3.13. The stock has a market cap of $9.42 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33.

Mowi ASA Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a dividend of $0.1358 per share. This is a positive change from Mowi ASA’s previous dividend of $0.12. The ex-dividend date of this dividend is Monday, November 18th. Mowi ASA’s payout ratio is currently 44.44%.

About Mowi ASA

Mowi ASA, a seafood company, farms, produces, and supplies Atlantic salmon products worldwide. It operates through three segments: Feed, Farming, and Sales and Marketing. The company is involved in the salmon feed production, salmon farming and primary processing, and seafood secondary processing activities.