Short Interest in Marine Harvest ASA (OTCMKTS:MHGVY) Grows By 496.0%

Marine Harvest ASA (OTCMKTS:MHGVY) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 25,253 shares, an increase of 496.0% from the July 30th total of 4,237 shares. Based on an average trading volume of 21,814 shares, the short-interest ratio is currently 1.2 days. Currently, 0.0% of the shares of the stock are short sold.

Marine Harvest ASA Price Performance

OTCMKTS MHGVY traded up $0.25 during trading on Friday, hitting $22.61. 751 shares of the company’s stock were exchanged, compared to its average volume of 24,098. The company has a market cap of $11.92 billion, a PE ratio of 15.92 and a beta of 0.92. The company has a current ratio of 3.15, a quick ratio of 1.02 and a debt-to-equity ratio of 0.68. Marine Harvest ASA has a fifty-two week low of $18.06 and a fifty-two week high of $24.86. The stock’s 50 day moving average price is $20.46 and its two-hundred day moving average price is $21.62.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its quarterly earnings results on Tuesday, August 18th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. Marine Harvest ASA had a net margin of 11.19% and a return on equity of 11.78%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. 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. Kepler Capital Markets cut Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Marine Harvest ASA has a consensus rating of “Buy”.

Marine Harvest ASA Company Profile

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.