Short Interest in Marine Harvest ASA (OTCMKTS:MHGVY) Drops By 85.3%

Marine Harvest ASA (OTCMKTS:MHGVY) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,079 shares, a decrease of 85.3% from the June 30th total of 14,121 shares. Based on an average daily trading volume, of 95,101 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Kepler Capital Markets upgraded Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Pareto Securities downgraded shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Marine Harvest ASA has a consensus rating of “Strong Buy”.

Marine Harvest ASA Trading Up 0.8%

Shares of OTCMKTS MHGVY opened at $20.65 on Friday. The company’s fifty day moving average is $20.29 and its 200-day moving average is $21.86. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 10.98 and a beta of 0.93. Marine Harvest ASA has a twelve month low of $18.06 and a twelve month high of $24.86. The company has a quick ratio of 1.02, a current ratio of 3.15 and a debt-to-equity ratio of 0.68.

Marine Harvest ASA (OTCMKTS:MHGVY) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 11.68%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion.

About Marine Harvest ASA

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.