Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Orkla Asa (OTCMKTS:ORKLY) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 70,634 shares, an increase of 241.8% from the April 30th total of 20,667 shares. Based on an average daily volume of 135,841 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Orkla Asa Trading Down 5.2%

OTCMKTS:ORKLY traded down $0.58 during mid-day trading on Friday, hitting $10.55. 121,100 shares of the company’s stock were exchanged, compared to its average volume of 68,032. The company has a 50 day simple moving average of $12.29 and a 200-day simple moving average of $11.89. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.29. Orkla Asa has a fifty-two week low of $9.91 and a fifty-two week high of $13.90. The firm has a market capitalization of $10.53 billion, a P/E ratio of 9.34 and a beta of 0.39.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Orkla Asa had a return on equity of 14.12% and a net margin of 15.69%.The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets downgraded shares of Orkla Asa from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Orkla Asa presently has a consensus rating of “Hold”.

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.