Lerøy Seafood Group ASA (OTCMKTS:LYSFY) Shares Shorted: Short Interest Down 55.6% in September

Lerøy Seafood Group ASA (OTCMKTS:LYSFY) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 204 shares, a drop of 55.6% from the September 15th total of 459 shares. Based on an average daily volume of 126 shares, the days-to-cover ratio is presently 1.6 days.

Lerøy Seafood Group ASA Stock Performance

Shares of OTCMKTS:LYSFY remained flat at $9.52 during trading on Thursday. The company’s 50-day moving average price is $9.30 and its 200-day moving average price is $9.37. Lerøy Seafood Group ASA has a 12-month low of $8.88 and a 12-month high of $10.50.

Lerøy Seafood Group ASA Company Profile

Lerøy Seafood Group ASA (OTCMKTS:LYSFY) is a Norway-based seafood company involved in the farming, harvesting, processing, distribution and sale of seafood. Its operations are centered on Atlantic salmon and trout, along with wild-caught and processed whitefish such as cod, haddock and saithe.

The company offers fresh, frozen, smoked and other prepared seafood products to retailers, food-service businesses and industrial customers. Lerøy operates an integrated value chain that includes aquaculture, fishing, processing, logistics and sales, allowing it to supply products under its own brands as well as customer and private-label brands.

Founded in 1939, Lerøy has grown from a Norwegian seafood business into an international group headquartered in Bergen, Norway.