OMV AG (OTCMKTS:OMVKY – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 45,286 shares, a growth of 207.3% from the June 15th total of 14,736 shares. Based on an average daily volume of 110,771 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.
OMV Trading Up 1.6%
OTCMKTS:OMVKY traded up $0.27 during mid-day trading on Monday, hitting $17.56. 40,113 shares of the company’s stock were exchanged, compared to its average volume of 22,913. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The company has a 50 day simple moving average of $17.31 and a 200-day simple moving average of $16.52. The firm has a market capitalization of $22.99 billion, a P/E ratio of 2.09 and a beta of -0.07. OMV has a fifty-two week low of $12.52 and a fifty-two week high of $19.00.
Analyst Upgrades and Downgrades
OMVKY has been the subject of a number of analyst reports. Zacks Research cut OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Jefferies Financial Group cut OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.
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.
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