Marine Harvest ASA (OTCMKTS:MHGVY) Short Interest Down 69.5% in August

Marine Harvest ASA (OTCMKTS:MHGVY) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 7,702 shares, a decrease of 69.5% from the August 15th total of 25,253 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 35,411 shares, the days-to-cover ratio is currently 0.2 days.

Marine Harvest ASA Price Performance

Shares of MHGVY opened at $22.16 on Monday. The firm has a fifty day simple moving average of $21.05 and a two-hundred day simple moving average of $21.47. The firm has a market cap of $11.68 billion, a PE ratio of 15.61 and a beta of 0.92. The company has a current ratio of 3.15, a quick ratio of 1.02 and a debt-to-equity ratio of 0.68. Marine Harvest ASA has a 1-year low of $18.06 and a 1-year high of $24.86.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings results on Tuesday, August 18th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. Marine Harvest ASA had a return on equity of 11.78% and a net margin of 11.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Kepler Capital Markets lowered Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Pareto Securities downgraded shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Marine Harvest ASA currently has a consensus rating of “Buy”.

Marine Harvest ASA Company Profile

Marine Harvest ASA was a Norwegian seafood company focused primarily on the farming, processing and marketing of Atlantic salmon. Its activities covered the aquaculture value chain, including hatcheries, marine farming operations, harvesting, processing and distribution. The company sold fresh and prepared salmon products to retailers, food-service providers and industrial customers.

Marine Harvest operated internationally, with salmon-farming and processing activities in major production regions including Norway, Scotland, Canada, Chile, Ireland and the Faroe Islands.