Marine Harvest ASA (OTCMKTS:MHGVY) Stock Short Interest Report for October

Marine Harvest ASA (OTCMKTS:MHGVY) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 6,366 shares, a drop of 80.0% from the October 15th total of 31,788 shares. Based on an average daily volume of 42,983 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Marine Harvest ASA Trading Down 0.9%

Shares of MHGVY stock traded down $0.22 on Thursday, hitting $23.59. The stock had a trading volume of 2,969 shares, compared to its average volume of 24,212. The firm has a market cap of $12.44 billion, a P/E ratio of 14.93 and a beta of 0.85. The company has a current ratio of 3.32, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average price of $22.13 and a two-hundred day moving average price of $21.82. Marine Harvest ASA has a twelve month low of $18.06 and a twelve month high of $24.86.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.93 billion. Marine Harvest ASA had a return on equity of 13.64% and a net margin of 11.86%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Kepler Capital Markets downgraded shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. The Goldman Sachs Group upgraded shares of Marine Harvest ASA to a “hold” rating in a research note on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Marine Harvest ASA presently has an average rating of “Moderate Buy”.

Marine Harvest ASA Company Profile

Marine Harvest ASA was a Norwegian seafood company focused primarily on salmon farming. Its operations covered the salmon production chain, including fish farming, processing and the sale of fresh and value-added seafood products. The company served markets around the world and operated aquaculture and processing activities in several regions, including Norway, Scotland, Ireland, Canada and Chile. In 2019, Marine Harvest changed its name to Mowi ASA, reflecting the name of its founding company. Mowi continues the business as a global producer of farm-raised salmon.