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

OMV AG (OTCMKTS:OMVKY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 15,957 shares, a decline of 60.0% from the July 30th total of 39,865 shares. Based on an average daily volume of 37,890 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of OMV from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, OMV currently has a consensus rating of “Reduce”.

OMV Stock Down 0.3%

OMVKY opened at $19.62 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The company has a market capitalization of $25.69 billion, a PE ratio of 2.08 and a beta of -0.08. The stock’s fifty day moving average is $17.85 and its 200-day moving average is $17.53. OMV has a one year low of $12.52 and a one year high of $20.23.

OMV Company Profile

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.