OMV AG (OTCMKTS:OMVKY) Short Interest Update

OMV AG (OTCMKTS:OMVKY) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 116,458 shares, a growth of 342.7% from the April 30th total of 26,305 shares. Based on an average daily trading volume, of 61,664 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.0% of the company’s shares are sold short.

OMV Stock Performance

Shares of OMVKY opened at $17.96 on Friday. The stock has a 50-day simple moving average of $17.81 and a 200-day simple moving average of $15.90. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The stock has a market capitalization of $23.52 billion, a PE ratio of 2.14 and a beta of -0.09. OMV has a 1 year low of $12.23 and a 1 year high of $19.00.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OMVKY. Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Jefferies Financial Group cut OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. HSBC cut OMV from a “hold” rating to a “reduce” rating in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada cut OMV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.