Short Interest in Mowi ASA (OTCMKTS:MHGVY) Rises By 24.5%

Mowi ASA (OTCMKTS:MHGVY) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 6,600 shares, a growth of 24.5% from the February 28th total of 5,300 shares. Based on an average trading volume of 29,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Mowi ASA Price Performance

Mowi ASA stock traded down $0.17 during midday trading on Tuesday, reaching $18.36. The company had a trading volume of 21,656 shares, compared to its average volume of 21,193. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.13 and a quick ratio of 0.79. Mowi ASA has a 12-month low of $15.89 and a 12-month high of $20.63. The company has a market capitalization of $9.49 billion, a P/E ratio of 26.23, a P/E/G ratio of 2.45 and a beta of 1.35. The firm’s fifty day simple moving average is $19.19 and its 200-day simple moving average is $18.27.

Mowi ASA (OTCMKTS:MHGVY) last released its earnings results on Wednesday, February 12th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%. As a group, equities analysts anticipate that Mowi ASA will post 0.95 EPS for the current year.

Mowi ASA Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were paid a dividend of $0.1773 per share. The ex-dividend date of this dividend was Monday, February 24th. This is a boost from Mowi ASA’s previous dividend of $0.14. Mowi ASA’s payout ratio is 54.08%.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded Mowi ASA to a “strong-buy” rating in a research report on Tuesday, March 11th.

About Mowi ASA

Mowi ASA, a seafood company, farms, produces, and supplies Atlantic salmon products worldwide. It operates through three segments: Feed, Farming, and Sales and Marketing. The company is involved in the salmon feed production, salmon farming and primary processing, and seafood secondary processing activities.