Mowi ASA (OTCMKTS:MHGVY) Sees Large Growth in Short Interest

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 5,300 shares, an increase of 165.0% from the February 13th total of 2,000 shares. Based on an average daily volume of 25,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded shares of Mowi ASA to a "strong-buy" rating in a research report on Tuesday, March 11th.

Mowi ASA Price Performance

Shares of Mowi ASA stock traded up $0.12 on Monday, hitting $18.87. 20,926 shares of the company were exchanged, compared to its average volume of 23,381. The company has a 50-day moving average price of $18.78 and a 200 day moving average price of $18.10. The stock has a market capitalization of $9.76 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.45 and a beta of 1.35. 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 1-year low of $15.89 and a 1-year high of $20.63.

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. Mowi ASA had a net margin of 8.92% and a return on equity of 13.65%. As a group, sell-side analysts predict that Mowi ASA will post 0.95 earnings per share for the current fiscal year.

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Mowi ASA Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were issued a dividend of $0.1773 per share. The ex-dividend date was Monday, February 24th. This is an increase from Mowi ASA's previous dividend of $0.14. Mowi ASA's dividend payout ratio (DPR) is currently 54.08%.

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.