Short Interest in Mowi ASA (OTCMKTS:MHGVY) Decreases By 25.9%

Mowi ASA (OTCMKTS:MHGVY) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 2,000 shares, a drop of 25.9% from the January 31st total of 2,700 shares. Based on an average daily trading volume, of 43,300 shares, the days-to-cover ratio is presently 0.0 days.

Mowi ASA Stock Performance

Mowi ASA stock traded up $0.45 during trading hours on Wednesday, hitting $18.28. 17,734 shares of the stock traded hands, compared to its average volume of 25,048. Mowi ASA has a 1 year low of $15.89 and a 1 year high of $20.63. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 2.45 and a beta of 1.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.13 and a quick ratio of 0.79. The firm’s 50 day moving average price is $18.56 and its 200-day moving average price is $18.06.

Mowi ASA (OTCMKTS:MHGVY) last issued its earnings results on Wednesday, February 12th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%. As a group, equities analysts expect that Mowi ASA will post 0.95 EPS for the current fiscal year.

Mowi ASA Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.1773 per share. This is a positive change from Mowi ASA’s previous dividend of $0.14. The ex-dividend date is Monday, February 24th. Mowi ASA’s payout ratio is 54.08%.

Mowi ASA Company Profile

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.