Mowi ASA (OTCMKTS:MHGVY) Sees Large Growth in Short Interest

Mowi ASA (OTCMKTS:MHGVY) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 13,000 shares, an increase of 97.0% from the March 15th total of 6,600 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 22,600 shares, the short-interest ratio is presently 0.6 days.

Mowi ASA Stock Up 1.0 %

Shares of OTCMKTS MHGVY traded up $0.18 during midday trading on Friday, reaching $17.94. The company’s stock had a trading volume of 15,397 shares, compared to its average volume of 25,793. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.45 and a beta of 1.21. Mowi ASA has a fifty-two week low of $15.89 and a fifty-two week high of $20.63. The stock has a 50 day simple moving average of $18.59 and a 200-day simple moving average of $18.22. The company has a current ratio of 3.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.58.

Mowi ASA (OTCMKTS:MHGVY) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.33 earnings per share for the quarter, beating 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%. Equities research analysts predict that Mowi ASA will post 0.95 earnings per share for the current year.

Mowi ASA Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were paid a $0.1773 dividend. The ex-dividend date was Monday, February 24th. This is a boost from Mowi ASA’s previous dividend of $0.14. Mowi ASA’s dividend payout ratio (DPR) is currently 54.08%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MHGVY shares. Kepler Capital Markets raised shares of Mowi ASA to a “strong-buy” rating in a research note on Tuesday, March 11th. Barclays lowered Mowi ASA from a “strong-buy” rating to a “hold” rating in a research report on Sunday, April 6th.

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.