OMV AG (OTCMKTS:OMVKY) Short Interest Up 71.8% in July

OMV AG (OTCMKTS:OMVKY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 77,802 shares, a growth of 71.8% from the June 30th total of 45,286 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 103,695 shares, the days-to-cover ratio is currently 0.8 days.

OMV Stock Performance

Shares of OMVKY opened at $18.35 on Friday. OMV has a 1 year low of $12.52 and a 1 year high of $19.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24. The stock’s fifty day moving average price is $17.24 and its two-hundred day moving average price is $16.92. The firm has a market cap of $24.02 billion, a PE ratio of 2.18 and a beta of -0.07.

Analyst Ratings Changes

Separately, Zacks Research lowered OMV from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Three research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Sell”.

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.