Marine Harvest ASA (OTCMKTS:MHGVY) Short Interest Update

Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 7,702 shares, a decrease of 69.5% from the August 15th total of 25,253 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,411 shares, the days-to-cover ratio is presently 0.2 days.

Marine Harvest ASA Price Performance

OTCMKTS MHGVY traded up $0.43 on Friday, hitting $22.16. 19,314 shares of the company’s stock were exchanged, compared to its average volume of 17,781. The stock has a 50-day moving average of $21.05 and a 200-day moving average of $21.48. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 15.61 and a beta of 0.92. Marine Harvest ASA has a 52 week low of $18.06 and a 52 week high of $24.86. The company has a current ratio of 3.15, a quick ratio of 1.02 and a debt-to-equity ratio of 0.68.

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Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) last announced 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. Marine Harvest ASA had a return on equity of 11.78% and a net margin of 11.19%.The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion.

Analyst Upgrades and Downgrades

MHGVY has been the subject of a number of recent analyst reports. Pareto Securities downgraded Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Kepler Capital Markets downgraded Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

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Marine Harvest ASA Company Profile

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Marine Harvest ASA was a Norwegian seafood company focused primarily on the farming, processing and marketing of Atlantic salmon. Its activities covered the aquaculture value chain, including hatcheries, marine farming operations, harvesting, processing and distribution. The company sold fresh and prepared salmon products to retailers, food-service providers and industrial customers.

Marine Harvest operated internationally, with salmon-farming and processing activities in major production regions including Norway, Scotland, Canada, Chile, Ireland and the Faroe Islands.

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