Short Interest in OMV AG (OTCMKTS:OMVKY) Grows By 342.7%

OMV AG (OTCMKTS:OMVKYGet Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 116,458 shares, an increase of 342.7% from the April 30th total of 26,305 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 61,664 shares, the days-to-cover ratio is presently 1.9 days.

Wall Street Analyst Weigh In

OMVKY has been the subject of a number of recent analyst reports. Jefferies Financial Group cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. HSBC cut shares of OMV from a “hold” rating to a “reduce” rating in a research report on Thursday, February 5th. Finally, Zacks Research upgraded shares of OMV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Check Out Our Latest Stock Analysis on OMV

OMV Trading Up 1.1%

OMVKY traded up $0.21 during mid-day trading on Friday, hitting $18.17. 22,116 shares of the stock were exchanged, compared to its average volume of 28,389. The firm’s fifty day moving average is $17.82 and its two-hundred day moving average is $15.91. OMV has a 1-year low of $12.23 and a 1-year high of $19.00. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The company has a market cap of $23.79 billion, a PE ratio of 2.16 and a beta of -0.09.

About OMV

(Get Free Report)

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.

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