Marine Harvest ASA (OTCMKTS:MHGVY) Stock Short Interest Jumps 404.0%

Marine Harvest ASA (OTCMKTS:MHGVY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 38,821 shares, an increase of 404.0% from the August 31st total of 7,702 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 40,884 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analyst Weigh In

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

Marine Harvest ASA Trading Down 0.9%

Shares of MHGVY opened at $21.09 on Friday. The stock has a market capitalization of $11.12 billion, a PE ratio of 14.85 and a beta of 0.92. The company’s fifty day moving average is $21.40 and its 200 day moving average is $21.33. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 3.32. Marine Harvest ASA has a fifty-two week low of $18.06 and a fifty-two week high of $24.86.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Marine Harvest ASA had a net margin of 11.19% and a return on equity of 11.74%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion.

About Marine Harvest ASA

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.