Mowi ASA (OTCMKTS:MHGVY) Short Interest Update

Mowi ASA (OTCMKTS:MHGVY) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 32,200 shares, an increase of 531.4% from the October 31st total of 5,100 shares. Based on an average daily volume of 63,200 shares, the days-to-cover ratio is currently 0.5 days.

Mowi ASA Price Performance

Shares of OTCMKTS:MHGVY traded up $0.27 during midday trading on Wednesday, reaching $18.21. 19,921 shares of the company were exchanged, compared to its average volume of 29,513. The company has a current ratio of 3.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.58. The business’s fifty day moving average is $17.82 and its two-hundred day moving average is $17.47. Mowi ASA has a one year low of $15.89 and a one year high of $19.80. The stock has a market cap of $9.42 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33.

Mowi ASA Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.1358 per share. This is a positive change from Mowi ASA’s previous dividend of $0.12. The ex-dividend date of this dividend is Monday, November 18th. Mowi ASA’s dividend payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of Mowi ASA to a “hold” rating in a research report on Thursday, September 19th.

Mowi ASA Company Profile

Mowi ASA, a seafood company, farms, produces, and supplies Atlantic salmon products worldwide. It operates through three segments: Feed, Farming, and Sales and Marketing. The company is involved in the salmon feed production, salmon farming and primary processing, and seafood secondary processing activities.