Short Interest in Marine Harvest ASA (OTCMKTS:MHGVY) Rises By 103.8%

Marine Harvest ASA (OTCMKTS:MHGVY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,237 shares, an increase of 103.8% from the July 15th total of 2,079 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 36,368 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several research analysts have commented on MHGVY shares. Kepler Capital Markets raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Pareto Securities downgraded Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Marine Harvest ASA Stock Performance

Shares of Marine Harvest ASA stock traded up $0.01 during trading hours on Friday, hitting $21.43. 7,604 shares of the company were exchanged, compared to its average volume of 16,595. Marine Harvest ASA has a 1 year low of $18.06 and a 1 year high of $24.86. The company has a current ratio of 3.15, a quick ratio of 1.02 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average of $20.17 and a 200-day moving average of $21.70. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 11.40 and a beta of 0.92.

Marine Harvest ASA (OTCMKTS:MHGVY) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. Marine Harvest ASA had a return on equity of 11.68% and a net margin of 15.18%.The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion.

About Marine Harvest ASA

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.