OMV AG (OTCMKTS:OMVKY) Short Interest Update

OMV AG (OTCMKTS:OMVKY) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 116,458 shares, a growth of 342.7% from the April 30th total of 26,305 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 61,664 shares, the days-to-cover ratio is currently 1.9 days.

Analyst Ratings Changes

OMVKY has been the subject of a number of recent analyst reports. Royal Bank Of Canada downgraded OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. HSBC downgraded OMV from a “hold” rating to a “reduce” rating in a research report on Thursday, February 5th. Jefferies Financial Group downgraded OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, OMV presently has a consensus rating of “Reduce”.

OMV Trading Down 0.7%

Shares of OTCMKTS OMVKY opened at $17.96 on Friday. OMV has a twelve month low of $12.23 and a twelve month high of $19.00. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $17.81 and a 200-day simple moving average of $15.90. The stock has a market capitalization of $23.52 billion, a PE ratio of 2.14 and a beta of -0.09.

OMV Company Profile

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.