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

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

Mowi ASA Stock Performance

Shares of Mowi ASA stock traded down $0.03 during trading on Friday, hitting $17.20. 54,219 shares of the company’s stock were exchanged, 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 PEG ratio of 2.45 and a beta of 1.33. The business has a 50-day simple moving average of $17.86 and a 200-day simple moving average of $17.45. Mowi ASA has a 52-week low of $15.89 and a 52-week high of $19.80. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.79 and a current ratio of 3.13.

Mowi ASA Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a dividend of $0.1358 per share. 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 is presently 44.44%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded Mowi ASA to a “hold” rating in a research note 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.