OMV Aktiengesellschaft (OTCMKTS:OMVKY) Short Interest Up 4,100.0% in March

OMV Aktiengesellschaft (OTCMKTS:OMVKY) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 4,200 shares, an increase of 4,100.0% from the February 28th total of 100 shares. Based on an average daily volume of 23,200 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

OMV Aktiengesellschaft Stock Performance

Shares of OMV Aktiengesellschaft stock traded up $0.18 during midday trading on Wednesday, hitting $12.88. The company had a trading volume of 11,285 shares, compared to its average volume of 19,216. The company has a fifty day simple moving average of $10.89 and a 200 day simple moving average of $10.44. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 5.17, a PEG ratio of 0.80 and a beta of 0.67. The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 0.28. OMV Aktiengesellschaft has a 12-month low of $9.42 and a 12-month high of $13.17.

OMV Aktiengesellschaft (OTCMKTS:OMVKY) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $1.40. OMV Aktiengesellschaft had a net margin of 4.02% and a return on equity of 8.35%. As a group, analysts predict that OMV Aktiengesellschaft will post 1.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded OMV Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 18th.

OMV Aktiengesellschaft Company Profile

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.