OMV AG (OTCMKTS:OMVKY) Sees Large Drop in Short Interest

OMV AG (OTCMKTS:OMVKY) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 15,957 shares, a decline of 60.0% from the July 30th total of 39,865 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 37,890 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of OMV from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

OMV Stock Down 0.7%

OTCMKTS:OMVKY opened at $19.48 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24. The company’s fifty day moving average price is $17.92 and its 200-day moving average price is $17.55. OMV has a 1-year low of $12.52 and a 1-year high of $20.23. The firm has a market capitalization of $25.50 billion, a P/E ratio of 2.06 and a beta of -0.08.

About OMV

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.