Heritage Media Corp. (OTCMKTS:OLVI) Sees Significant Increase in Short Interest

Heritage Media Corp. (OTCMKTS:OLVIGet Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 38,246 shares, an increase of 137.2% from the May 31st total of 16,121 shares. Based on an average daily volume of 91,853 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Heritage Media Stock Performance

Shares of OLVI stock traded down $0.01 during mid-day trading on Monday, hitting $0.40. 3,644 shares of the stock traded hands, compared to its average volume of 28,468. Heritage Media has a twelve month low of $0.16 and a twelve month high of $1.38. The company’s 50-day simple moving average is $0.27 and its 200-day simple moving average is $0.25. The firm has a market cap of $254.09 million, a price-to-earnings ratio of -9.88 and a beta of -2.03.

About Heritage Media

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

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