Marine Harvest ASA (OTCMKTS:MHGVY) Short Interest Update

Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,079 shares, a decline of 85.3% from the June 30th total of 14,121 shares. Based on an average daily volume of 95,101 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Marine Harvest ASA Stock Performance

Shares of OTCMKTS MHGVY traded up $0.16 during mid-day trading on Friday, hitting $20.65. The company had a trading volume of 17,699 shares, compared to its average volume of 37,321. Marine Harvest ASA has a 12 month low of $18.06 and a 12 month high of $24.86. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 10.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.15 and a quick ratio of 1.02. The firm’s 50 day simple moving average is $20.29 and its two-hundred day simple moving average is $21.86.

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Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Marine Harvest ASA had a return on equity of 11.68% and a net margin of 15.18%.The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Kepler Capital Markets upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Pareto Securities downgraded shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Marine Harvest ASA currently has a consensus rating of “Strong Buy”.

Read Our Latest Stock Analysis on MHGVY

About Marine Harvest ASA

(Get Free Report)

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.

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