Short Interest in Mowi ASA (OTCMKTS:MHGVY) Increases By 756.5%

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 19,700 shares, a growth of 756.5% from the May 15th total of 2,300 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 28,400 shares, the short-interest ratio is currently 0.7 days.

Mowi ASA Stock Up 0.2%

Shares of MHGVY stock traded up $0.04 on Friday, hitting $19.13. The company's stock had a trading volume of 9,974 shares, compared to its average volume of 22,292. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 2.45 and a beta of 1.19. Mowi ASA has a fifty-two week low of $15.89 and a fifty-two week high of $20.63. The firm's fifty day moving average price is $18.23 and its 200-day moving average price is $18.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.13 and a quick ratio of 0.79.

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The company 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%. Research analysts anticipate that Mowi ASA will post 0.95 EPS for the current year.

Mowi ASA Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were issued a $0.123 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a yield of 2.5%. Mowi ASA's dividend payout ratio (DPR) is currently 73.53%.

Analyst Ratings Changes

Several brokerages recently issued reports on MHGVY. Kepler Capital Markets lowered Mowi ASA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 6th. Barclays downgraded Mowi ASA from a "strong-buy" rating to a "hold" rating in a research note on Sunday, April 6th. Finally, Dnb Nor Markets raised Mowi ASA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd.

About Mowi 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.