Orkla Asa (OTCMKTS:ORKLY) Short Interest Up 48.9% in December

Orkla Asa (OTCMKTS:ORKLY) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 65,897 shares, a growth of 48.9% from the November 30th total of 44,249 shares. Based on an average trading volume of 115,140 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 115,140 shares, the days-to-cover ratio is presently 0.6 days.

Orkla Asa Price Performance

ORKLY opened at $11.62 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.71 and a debt-to-equity ratio of 0.33. Orkla Asa has a 1 year low of $8.53 and a 1 year high of $12.10. The stock has a fifty day moving average price of $10.62 and a 200 day moving average price of $10.76. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 11.17 and a beta of 0.45.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings results on Friday, November 14th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.76 billion. Orkla Asa had a return on equity of 13.29% and a net margin of 15.49%.

About Orkla Asa

Orkla ASA (OTCMKTS: ORKLY) is a leading Norwegian industrial group with a strong focus on branded consumer goods, aluminium solutions and strategic investments. Founded in 1654 as a regional copper mine in Orkdal, Trøndelag, the company has evolved over centuries into a diversified conglomerate headquartered in Oslo. Orkla’s portfolio spans fast-moving consumer goods, including food, snacks, confectionery and personal care products, alongside advanced aluminium solutions and financial investments in select industries.

Within its branded consumer goods division, Orkla operates several business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients.