Marine Harvest ASA (OTCMKTS:MHGVY) Short Interest Update

Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 25,253 shares, a growth of 496.0% from the July 30th total of 4,237 shares. Based on an average daily volume of 21,814 shares, the short-interest ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

A number of brokerages have commented on MHGVY. Kepler Capital Markets lowered shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Pareto Securities downgraded Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marine Harvest ASA presently has a consensus rating of “Buy”.

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Marine Harvest ASA Stock Down 1.3%

MHGVY traded down $0.30 on Thursday, hitting $22.44. The company had a trading volume of 6,368 shares, compared to its average volume of 24,198. The firm has a market capitalization of $11.83 billion, a P/E ratio of 15.81 and a beta of 0.92. 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 stock has a fifty day simple moving average of $20.41 and a 200-day simple moving average of $21.63. Marine Harvest ASA has a 52-week low of $18.06 and a 52-week high of $24.86.

Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Marine Harvest ASA had a net margin of 11.19% and a return on equity of 11.78%.

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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