Marine Harvest ASA (OTCMKTS:MHGVY) Sees Significant Increase in Short Interest

Key Points

• Marine Harvest ASA (OTCMKTS:MHGVY) experienced a 72.2% increase in short interest in September, with total shares shorted rising to 55,100 from 32,000.
• The company's stock traded down 0.5% to $21.46, with a market capitalization of $11.10 billion and a price-to-earnings ratio of 30.66.
• Marine Harvest ASA reported earnings per share of $0.28 for the recent quarter, slightly missing analysts' expectations of $0.29, although revenue surpassed expectations at $1.62 billion.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 55,100 shares, an increase of 72.2% from the August 31st total of 32,000 shares. Based on an average daily volume of 19,400 shares, the short-interest ratio is currently 2.8 days. Based on an average daily volume of 19,400 shares, the short-interest ratio is currently 2.8 days.

Marine Harvest ASA Trading Down 0.5%

MHGVY traded down $0.11 during midday trading on Monday, reaching $21.46. 9,426 shares of the company's stock traded hands, compared to its average volume of 18,808. Marine Harvest ASA has a 52 week low of $16.14 and a 52 week high of $22.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.12 and a quick ratio of 0.96. The firm has a fifty day moving average of $20.51 and a two-hundred day moving average of $19.24. The stock has a market capitalization of $11.10 billion, a price-to-earnings ratio of 30.66 and a beta of 1.21.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) last posted its earnings results on Wednesday, August 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $1.62 billion for the quarter, compared to analysts' expectations of $1.54 billion. Marine Harvest ASA had a net margin of 5.85% and a return on equity of 13.98%. On average, equities analysts anticipate that Marine Harvest ASA will post 0.95 earnings per share for the current fiscal year.

About Marine Harvest ASA

Mowi ASA, a seafood company, farms, produces, and supplies Atlantic salmon products worldwide. It operates through three segments: Feed, Farming, and Sales and Marketing. The company is involved in the salmon feed production, salmon farming and primary processing, and seafood secondary processing activities.

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