Short Interest in Heritage Media Corp. (OTCMKTS:OLVI) Expands By 91.3%

Heritage Media Corp. (OTCMKTS:OLVIGet Free Report) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 16,121 shares, an increase of 91.3% from the May 14th total of 8,427 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 76,406 shares, the short-interest ratio is currently 0.2 days.

Heritage Media Trading Down 4.7%

Shares of OLVI traded down $0.02 during mid-day trading on Monday, hitting $0.41. The company’s stock had a trading volume of 88,449 shares, compared to its average volume of 28,934. The company’s 50-day moving average is $0.24 and its 200-day moving average is $0.24. Heritage Media has a 52-week low of $0.16 and a 52-week high of $2.10. The firm has a market capitalization of $263.33 million, a price-to-earnings ratio of -10.25 and a beta of -2.03.

Heritage Media (OTCMKTS:OLVIGet Free Report) last released its quarterly earnings data on Monday, March 16th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $22.37 million for the quarter.

About Heritage Media

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Heritage Media Corporation was formerly known as Lignin Industries Inc Heritage Media Corporation is based in Calgary, Canada.

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