Short Interest in Austevoll Seafood ASA (OTCMKTS:ASTVF) Increases By 65.6%

Austevoll Seafood ASA (OTCMKTS:ASTVF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 292,751 shares, an increase of 65.6% from the June 30th total of 176,770 shares. Based on an average daily volume of 250 shares, the short-interest ratio is currently 1,171.0 days.

Austevoll Seafood ASA Price Performance

Shares of ASTVF opened at $8.85 on Friday. Austevoll Seafood ASA has a 1 year low of $8.15 and a 1 year high of $11.00. The company’s 50 day simple moving average is $8.72 and its 200 day simple moving average is $9.69.

Analysts Set New Price Targets

Separately, Pareto Securities lowered Austevoll Seafood ASA to a “sell” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Austevoll Seafood ASA presently has a consensus rating of “Sell”.

Austevoll Seafood ASA Company Profile

Austevoll Seafood ASA is a Norway‐based integrated seafood company engaged in the harvesting, farming, processing and marketing of seafood products. Headquartered in Austevoll, the company operates across multiple segments, including pelagic fishing, whitefish capture, salmon farming and production of feed. Its portfolio spans fresh and frozen fish products, omega-3 oils, fishmeal, and value-added seafood items supplied to retail, foodservice and industrial customers.

In its pelagic division, Austevoll Seafood targets species such as herring, blue whiting and mackerel through a modern fleet of purse seiners and trawlers operating primarily in the Northeast Atlantic.