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

OMV AG (OTCMKTS:OMVKY) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 39,865 shares, a decline of 48.8% from the July 15th total of 77,802 shares. Based on an average trading volume of 46,765 shares, the short-interest ratio is presently 0.9 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research cut OMV from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Three investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, OMV presently has an average rating of “Strong Sell”.

OMV Trading Up 1.3%

Shares of OMVKY stock opened at $19.10 on Friday. The firm has a fifty day moving average of $17.29 and a 200-day moving average of $17.21. The stock has a market cap of $25.00 billion, a price-to-earnings ratio of 2.02 and a beta of -0.08. OMV has a 52-week low of $12.52 and a 52-week high of $19.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50.

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.