Mowi ASA (OTCMKTS:MHGVY) Sees Significant Increase in Short Interest

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

Mowi ASA Trading Down 0.9 %

Mowi ASA stock opened at $18.36 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.79 and a current ratio of 3.13. The stock has a 50-day simple moving average of $19.19 and a 200 day simple moving average of $18.27. The stock has a market capitalization of $9.49 billion, a P/E ratio of 26.23, a PEG ratio of 2.45 and a beta of 1.35. Mowi ASA has a 52 week low of $15.89 and a 52 week high of $20.63.

Mowi ASA (OTCMKTS:MHGVY) last posted its earnings results on Wednesday, February 12th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%. Analysts expect that Mowi ASA will post 0.95 earnings per share for the current year.

Mowi ASA Increases Dividend

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

Analysts Set New Price Targets

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

Mowi ASA Company Profile

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.