OMV AG (OTCMKTS:OMVKY) Sees Large Increase in Short Interest

OMV AG (OTCMKTS:OMVKY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 31,169 shares, an increase of 95.3% from the August 15th total of 15,957 shares. Based on an average daily trading volume, of 20,301 shares, the short-interest ratio is currently 1.5 days. Approximately 0.0% of the shares of the company are sold short.

OMV Stock Performance

OTCMKTS:OMVKY remained flat at $20.69 during trading hours on Thursday. The company’s stock had a trading volume of 2,005 shares, compared to its average volume of 21,581. The company has a 50-day moving average price of $19.07 and a 200-day moving average price of $17.94. The firm has a market capitalization of $27.09 billion, a P/E ratio of 2.19 and a beta of -0.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.22 and a quick ratio of 0.92. OMV has a 1 year low of $12.52 and a 1 year high of $21.05.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of OMV from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

About OMV

OMV Aktiengesellschaft is an Austria-based, integrated energy, fuels and chemicals company headquartered in Vienna. Founded in 1956 as Österreichische Mineralölverwaltung, the company has developed from a national oil enterprise into an international energy group serving customers primarily in Europe and selected markets in the Middle East and North Africa.

OMV’s energy operations include the exploration and production of crude oil and natural gas, natural gas trading and supply, and the processing and marketing of fuels.