Short Interest in Mowi ASA (OTCMKTS:MHGVY) Expands By 666.7%

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,300 shares, an increase of 666.7% from the April 30th total of 300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,200 shares, the days-to-cover ratio is currently 0.1 days.

Mowi ASA Trading Down 1.0%

Shares of MHGVY traded down $0.18 during trading hours on Friday, hitting $18.62. The stock had a trading volume of 14,977 shares, compared to its average volume of 23,069. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.79 and a current ratio of 3.13. The firm has a market cap of $9.63 billion, a P/E ratio of 26.59, a P/E/G ratio of 2.45 and a beta of 1.22. The company's fifty day simple moving average is $18.12 and its 200 day simple moving average is $18.34. Mowi ASA has a 12-month low of $15.89 and a 12-month high of $20.63.

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.35 billion. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%. Equities research analysts forecast that Mowi ASA will post 0.95 EPS for the current fiscal year.

Mowi ASA Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be given a $0.123 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, May 27th. Mowi ASA's dividend payout ratio (DPR) is currently 72.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MHGVY shares. Kepler Capital Markets cut Mowi ASA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 6th. 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.