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Short Interest in Heritage Media Corp. (OTCMKTS:OLVI) Declines By 97.7%

Heritage Media logo with Computer and Technology background

Key Points

  • Heritage Media Corp. experienced a significant decrease in short interest, dropping by 97.7% to only 100 shares as of July 31st.
  • The company's stock price fell 17.9% on a recent trading day, reaching $0.75, close to its one-year low.
  • Heritage Media has a market cap of $482.11 million and a PE ratio of -7.50, indicating a negative earnings outlook.
  • Want stock alerts on Heritage Media? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Heritage Media Corp. (OTCMKTS:OLVI - Get Free Report) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 100 shares, adropof97.7% from the July 15th total of 4,400 shares. Based on an average daily trading volume, of 35,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately0.0% of the company's stock are short sold. Approximately0.0% of the company's stock are short sold. Based on an average daily trading volume, of 35,000 shares, the days-to-cover ratio is presently 0.0 days.

Heritage Media Stock Up 7.3%

Shares of OLVI stock traded up $0.0550 during mid-day trading on Tuesday, hitting $0.8050. 310 shares of the stock were exchanged, compared to its average volume of 13,380. Heritage Media has a 52-week low of $0.7251 and a 52-week high of $5.7475. The firm has a fifty day moving average of $1.20 and a 200 day moving average of $1.38. The company has a market cap of $517.46 million, a PE ratio of -8.05 and a beta of -1.85.

Heritage Media Company Profile

(Get Free Report)

Heritage Media Corporation was formerly known as Lignin Industries Inc Heritage Media Corporation is based in Calgary, Canada.

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