Short Interest in Marine Harvest ASA (OTCMKTS:MHGVY) Rises By 103.8%

Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,237 shares, an increase of 103.8% from the July 15th total of 2,079 shares. Based on an average daily volume of 36,368 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

MHGVY has been the subject of several recent analyst reports. Kepler Capital Markets raised shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Pareto Securities lowered Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Three analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Marine Harvest ASA has an average rating of “Strong Buy”.

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Marine Harvest ASA Stock Up 0.0%

MHGVY stock traded up $0.01 during midday trading on Friday, reaching $21.43. 7,604 shares of the company were exchanged, compared to its average volume of 16,595. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 11.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.02 and a current ratio of 3.15. Marine Harvest ASA has a 1-year low of $18.06 and a 1-year high of $24.86. The stock’s 50-day simple moving average is $20.17 and its 200 day simple moving average is $21.70.

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

Marine Harvest ASA Company Profile

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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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