Short Interest in Mowi ASA (OTCMKTS:MHGVY) Drops By 59.8%

Mowi ASA (OTCMKTS:MHGVY) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 5,100 shares, a drop of 59.8% from the November 30th total of 12,700 shares. Based on an average daily trading volume, of 45,000 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Berenberg Bank raised Mowi ASA to a “hold” rating in a research note on Thursday, September 19th.

Mowi ASA Stock Down 0.3 %

Shares of MHGVY stock traded down $0.03 on Friday, hitting $17.20. The company’s stock had a trading volume of 54,219 shares, compared to its average volume of 29,279. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 24.57, a P/E/G ratio of 2.45 and a beta of 1.33. Mowi ASA has a fifty-two week low of $15.89 and a fifty-two week high of $19.80. The firm’s fifty day moving average price is $17.86 and its 200-day moving average price is $17.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.13 and a quick ratio of 0.79.

Mowi ASA Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a $0.1358 dividend. This is an increase from Mowi ASA’s previous dividend of $0.12. The ex-dividend date was Monday, November 18th. Mowi ASA’s dividend payout ratio (DPR) is presently 44.44%.

About Mowi ASA

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.