Marine Harvest ASA (OTCMKTS:MHGVY) Sees Significant Decrease in Short Interest

Marine Harvest ASA (OTCMKTS:MHGVY) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 14,640 shares, a drop of 65.0% from the April 15th total of 41,771 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 52,312 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Pareto Securities upgraded shares of Marine Harvest ASA to a “hold” rating in a report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Marine Harvest ASA Trading Up 0.1%

MHGVY stock traded up $0.03 during trading on Thursday, hitting $20.91. The company had a trading volume of 19,471 shares, compared to its average volume of 20,700. The firm has a market capitalization of $11.03 billion, a P/E ratio of 13.15 and a beta of 0.92. Marine Harvest ASA has a 52-week low of $18.27 and a 52-week high of $24.86. The company has a 50 day simple moving average of $22.36 and a 200-day simple moving average of $22.75. The company has a quick ratio of 0.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.69.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. Marine Harvest ASA had a net margin of 13.70% and a return on equity of 12.23%.

Marine Harvest ASA Company Profile

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.