Short Interest in Mowi ASA (OTCMKTS:MHGVY) Decreases By 97.7%

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 300 shares, a drop of 97.7% from the March 31st total of 13,000 shares. Based on an average daily volume of 103,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Mowi ASA Price Performance

Shares of OTCMKTS MHGVY traded down $0.03 during mid-day trading on Thursday, reaching $18.27. The company had a trading volume of 18,410 shares, compared to its average volume of 24,784. The stock has a market cap of $9.45 billion, a PE ratio of 26.09, a P/E/G ratio of 2.45 and a beta of 1.21. Mowi ASA has a 1-year low of $15.89 and a 1-year high of $20.63. The company has a current ratio of 3.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $18.31 and a two-hundred day moving average price of $18.24.

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.08. Mowi ASA had a net margin of 8.92% and a return on equity of 13.65%. On average, equities analysts anticipate that Mowi ASA will post 0.95 earnings per share for the current year.

Mowi ASA Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were issued a dividend of $0.1773 per share. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Mowi ASA's previous dividend of $0.14. Mowi ASA's dividend payout ratio (DPR) is 54.08%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MHGVY. Kepler Capital Markets upgraded Mowi ASA to a "strong-buy" rating in a research report on Tuesday, March 11th. Dnb Nor Markets upgraded Mowi ASA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Barclays cut Mowi ASA from a "strong-buy" rating to a "hold" rating in a report on Sunday, April 6th.

Mowi ASA Company Profile

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.