Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Orkla Asa (OTCMKTS:ORKLY) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 21,537 shares, a drop of 69.5% from the May 14th total of 70,634 shares. Based on an average trading volume of 161,371 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several equities analysts have recently commented on ORKLY shares. UBS Group lowered Orkla Asa from a “hold” rating to a “strong sell” rating in a report on Friday, May 29th. Kepler Capital Markets downgraded Orkla Asa from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Orkla Asa Stock Performance

Shares of ORKLY traded down $0.15 during midday trading on Thursday, hitting $10.44. 106,349 shares of the stock traded hands, compared to its average volume of 61,061. Orkla Asa has a 1-year low of $9.91 and a 1-year high of $13.90. The firm has a market capitalization of $10.42 billion, a PE ratio of 9.24 and a beta of 0.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.81 and a current ratio of 1.43. The business’s 50 day moving average price is $12.01 and its two-hundred day moving average price is $11.91.

Orkla Asa (OTCMKTS:ORKLY) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Orkla Asa had a net margin of 15.69% and a return on equity of 14.12%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion.

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.