Mowi ASA (OTCMKTS:MHGVY) Sees Significant Drop in Short Interest

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,000 shares, a decrease of 60.8% from the December 15th total of 5,100 shares. Based on an average trading volume of 64,700 shares, the days-to-cover ratio is presently 0.0 days.

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 Stock Performance

MHGVY stock traded down $0.11 during midday trading on Monday, hitting $16.87. The stock had a trading volume of 91,502 shares, compared to its average volume of 42,857. Mowi ASA has a 52 week low of $15.89 and a 52 week high of $19.80. 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 stock has a 50-day simple moving average of $17.73 and a 200 day simple moving average of $17.42. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 2.45 and a beta of 1.33.

Mowi ASA Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $0.1358 per share. This is an increase from Mowi ASA's previous dividend of $0.12. The ex-dividend date of this dividend 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.