OMV AG (OTCMKTS:OMVKY) Sees Large Increase in Short Interest

OMV AG (OTCMKTS:OMVKY) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 116,458 shares, a growth of 342.7% from the April 30th total of 26,305 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 61,664 shares, the days-to-cover ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

OMVKY has been the topic of several research reports. Jefferies Financial Group cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. HSBC cut shares of OMV from a “hold” rating to a “reduce” rating in a research report on Thursday, February 5th. Finally, Zacks Research raised shares of OMV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

OMV Stock Up 1.1%

Shares of OTCMKTS:OMVKY opened at $18.17 on Friday. The firm’s 50 day moving average price is $17.82 and its 200 day moving average price is $15.91. The stock has a market cap of $23.79 billion, a price-to-earnings ratio of 2.16 and a beta of -0.09. OMV has a fifty-two week low of $12.23 and a fifty-two week high of $19.00. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25.

About OMV

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.