OMV AG (OTCMKTS:OMVKY) Short Interest Down 77.4% in May

OMV AG (OTCMKTS:OMVKY) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 26,299 shares, a decrease of 77.4% from the May 14th total of 116,458 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 55,092 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OMVKY shares. Zacks Research lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Jefferies Financial Group cut OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

OMV Stock Performance

Shares of OMVKY traded down $0.07 during trading hours on Friday, reaching $16.98. 7,827 shares of the company’s stock traded hands, compared to its average volume of 17,323. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 2.02 and a beta of -0.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24. OMV has a twelve month low of $12.52 and a twelve month high of $19.00. The business’s fifty day simple moving average is $17.88 and its two-hundred day simple moving average is $16.17.

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.