OMV AG (OTCMKTS:OMVKY) Sees Significant Decline in Short Interest

OMV AG (OTCMKTS:OMVKY – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 14,736 shares, a drop of 44.0% from the May 31st total of 26,299 shares. Based on an average trading volume of 73,702 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several brokerages recently weighed in on OMVKY. Jefferies Financial Group lowered OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Zacks Research lowered OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, OMV has a consensus rating of “Reduce”.

Get OMV alerts:

Check Out Our Latest Analysis on OMV

OMV Stock Performance

OTCMKTS:OMVKY opened at $15.75 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The stock has a market capitalization of $20.62 billion, a PE ratio of 1.87 and a beta of -0.08. OMV has a fifty-two week low of $12.52 and a fifty-two week high of $19.00. The company has a fifty day moving average of $17.40 and a two-hundred day moving average of $16.36.

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.

Featured Articles

• Five stocks we like better than OMV
• 3 Charts That Could Change the Course of Summer Trading
• Burger King’s Turnaround Is Putting Restaurant Brands Back in Focus
• Short Squeeze Alert—Moderna Stock Surges on New Strategy
• NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race

Receive News & Ratings for OMV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OMV and related companies with MarketBeat.com's FREE daily email newsletter.