Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Orkla Asa (OTCMKTS:ORKLY) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 52,447 shares, a drop of 64.3% from the January 15th total of 146,786 shares. Based on an average daily volume of 102,283 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 102,283 shares, the short-interest ratio is presently 0.5 days.

Orkla Asa Price Performance

Shares of OTCMKTS:ORKLY traded up $0.16 during trading on Friday, hitting $13.78. 60,199 shares of the company’s stock traded hands, compared to its average volume of 44,170. 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 52 week low of $9.45 and a 52 week high of $13.79. The company has a 50-day moving average price of $11.47 and a 200-day moving average price of $10.97.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.85 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.