OMV AG (OTCMKTS:OMVKY) Short Interest Update

Key Points

• Short Interest Drop: OMV AG experienced a significant decrease in short interest, falling 64.0% from 2,500 shares to 900 shares as of September 15th.
• Analyst Ratings Update: OMV received upgrades from multiple analysts, with Zacks Research changing the rating from "hold" to "strong-buy" and Erste Group Bank upgrading to "hold."
• Quarterly Earnings Report: The company reported earnings of $1.34 per share, significantly exceeding the expected $0.34, despite revenue of $6.64 billion falling short of the forecast.

OMV AG (OTCMKTS:OMVKY - Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 900 shares, a drop of 64.0% from the August 31st total of 2,500 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

A number of analysts recently commented on OMVKY shares. Zacks Research raised OMV from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 25th. Royal Bank Of Canada assumed coverage on shares of OMV in a research report on Wednesday, September 24th. They issued a "sector perform" rating for the company. Finally, Erste Group Bank upgraded shares of OMV to a "hold" rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

OMV Trading Up 1.3%

OTCMKTS:OMVKY opened at $13.55 on Thursday. The firm has a market capitalization of $17.74 billion, a P/E ratio of 4.39 and a beta of 0.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.64 and a quick ratio of 1.35. OMV has a one year low of $9.42 and a one year high of $14.37. The company's 50-day simple moving average is $13.55 and its 200 day simple moving average is $13.17.

OMV (OTCMKTS:OMVKY - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $1.00. The firm had revenue of $6.64 billion during the quarter, compared to analyst estimates of $8.41 billion. OMV had a net margin of 3.12% and a return on equity of 7.02%. As a group, analysts forecast that OMV will post 1.64 EPS for the current fiscal year.

OMV Company Profile

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.

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