OMV AG (OTCMKTS:OMVKY – Get Free Report) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 45,286 shares, an increase of 207.3% from the June 15th total of 14,736 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 110,771 shares, the short-interest ratio is currently 0.4 days.
OMV Trading Up 1.6%
OMVKY traded up $0.27 during midday trading on Monday, hitting $17.56. The company’s stock had a trading volume of 40,113 shares, compared to its average volume of 22,913. The firm has a market cap of $22.99 billion, a P/E ratio of 2.09 and a beta of -0.07. The firm has a 50-day moving average price of $17.31 and a two-hundred day moving average price of $16.52. OMV has a 52-week low of $12.52 and a 52-week high of $19.00. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25.
Analysts Set New Price Targets
A number of brokerages recently weighed in on OMVKY. Zacks Research cut shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Jefferies Financial Group cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.
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.
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