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

OMV AG (OTCMKTS:OMVKY) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 39,865 shares, a drop of 48.8% from the July 15th total of 77,802 shares. Based on an average daily trading volume, of 46,765 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are sold short.

OMV Price Performance

OTCMKTS:OMVKY opened at $19.10 on Friday. The stock has a market cap of $25.00 billion, a P/E ratio of 2.02 and a beta of -0.08. OMV has a one year low of $12.52 and a one year high of $19.13. The company has a fifty day moving average price of $17.29 and a 200 day moving average price of $17.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of OMV from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Three analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, OMV currently has a consensus rating of “Strong Sell”.

OMV Company Profile

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.