Marine Harvest ASA (OTCMKTS:MHGVY) Short Interest Down 69.5% in August

Marine Harvest ASA (OTCMKTS:MHGVY) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 7,702 shares, a drop of 69.5% from the August 15th total of 25,253 shares. Based on an average daily volume of 35,411 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Marine Harvest ASA Stock Up 2.0%

Marine Harvest ASA stock traded up $0.43 during trading hours on Friday, reaching $22.16. The stock had a trading volume of 19,314 shares, compared to its average volume of 17,781. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 15.61 and a beta of 0.92. The business’s 50 day moving average price is $21.05 and its 200-day moving average price is $21.48. Marine Harvest ASA has a 52 week low of $18.06 and a 52 week high of $24.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.15 and a quick ratio of 1.02.

Marine Harvest ASA (OTCMKTS:MHGVY) last issued its quarterly earnings data on Tuesday, August 18th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. Marine Harvest ASA had a net margin of 11.19% and a return on equity of 11.78%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MHGVY shares. Pareto Securities downgraded shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Kepler Capital Markets downgraded Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Marine Harvest ASA Company Profile

Marine Harvest ASA was a Norwegian seafood company focused primarily on the farming, processing and marketing of Atlantic salmon. Its activities covered the aquaculture value chain, including hatcheries, marine farming operations, harvesting, processing and distribution. The company sold fresh and prepared salmon products to retailers, food-service providers and industrial customers.

Marine Harvest operated internationally, with salmon-farming and processing activities in major production regions including Norway, Scotland, Canada, Chile, Ireland and the Faroe Islands.