Heritage Media Corp. (OTCMKTS:OLVI) Short Interest Up 200.0% in August

Key Points

• Heritage Media Corp. experienced a significant 200% increase in short interest in August, rising from 200 shares to 600 shares, indicating growing bearish sentiment among investors.
• The stock price for Heritage Media is down 30.2%, currently trading at $0.53, compared to a 52-week high of $5.43.
• With a market capitalization of approximately $340.23 million, Heritage Media has a P/E ratio of -5.29 and a beta of -1.69, suggesting high volatility.

Heritage Media Corp. (OTCMKTS:OLVI - Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 600 shares, an increase of 200.0% from the August 15th total of 200 shares. Based on an average daily trading volume, of 8,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 8,900 shares, the short-interest ratio is presently 0.1 days.

Heritage Media Stock Performance

OLVI traded up $0.04 during midday trading on Thursday, reaching $0.60. 1,230 shares of the company were exchanged, compared to its average volume of 11,212. Heritage Media has a one year low of $0.52 and a one year high of $5.43. The stock has a market capitalization of $383.06 million, a P/E ratio of -5.95 and a beta of -1.69. The stock's 50-day simple moving average is $0.90 and its 200 day simple moving average is $1.31.

Heritage Media Company Profile

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