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

Mowi ASA (OTCMKTS:MHGVY) saw a significant increase in short interest in 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 volume of 29,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

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

Mowi ASA Trading Down 0.9 %

OTCMKTS:MHGVY opened at $18.36 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.13 and a quick ratio of 0.79. The business’s 50-day simple moving average is $19.19 and its 200-day simple moving average is $18.27. Mowi ASA has a fifty-two week low of $15.89 and a fifty-two week high of $20.63. The stock has a market capitalization of $9.49 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.35.

Mowi ASA (OTCMKTS:MHGVY) last announced 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 net margin of 8.92% and a return on equity of 13.65%. Sell-side analysts expect that Mowi ASA will post 0.95 earnings per share for the current fiscal year.

Mowi ASA Increases Dividend

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

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.