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

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) was the recipient of a significant 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 volume of 45,000 shares, the short-interest ratio is presently 0.1 days.

Mowi ASA Price Performance

MHGVY stock traded down $0.03 on Friday, reaching $17.20. 54,219 shares of the company's stock were exchanged, compared to its average volume of 29,279. The stock has a fifty day moving average of $17.88 and a 200-day moving average of $17.45. The firm has a market cap of $8.89 billion, a PE ratio of 24.57, a P/E/G ratio of 2.45 and a beta of 1.33. The company has a quick ratio of 0.79, a current ratio of 3.13 and a debt-to-equity ratio of 0.58. Mowi ASA has a twelve month low of $15.89 and a twelve month high of $19.80.

Mowi ASA Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from Mowi ASA's previous dividend of $0.12. Mowi ASA's dividend payout ratio is 44.44%.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded 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.