Orkla Asa (OTCMKTS:ORKLY) Short Interest Up 152.6% in January

Orkla Asa (OTCMKTS:ORKLY) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 146,786 shares, a growth of 152.6% from the December 31st total of 58,121 shares. Based on an average daily trading volume, of 78,119 shares, the short-interest ratio is currently 1.9 days. Based on an average daily trading volume, of 78,119 shares, the short-interest ratio is currently 1.9 days.

Orkla Asa Trading Up 1.6%

OTCMKTS:ORKLY opened at $11.99 on Friday. The stock has a market cap of $11.77 billion, a PE ratio of 11.53 and a beta of 0.43. Orkla Asa has a fifty-two week low of $9.03 and a fifty-two week high of $12.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.71. The stock’s 50-day moving average is $11.09 and its two-hundred day moving average is $10.85.

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