Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Orkla Asa (OTCMKTS:ORKLY) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 68 shares, a drop of 89.6% from the August 31st total of 656 shares. Based on an average trading volume of 370,124 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Orkla Asa Stock Performance

ORKLY stock traded up $0.02 during trading on Thursday, reaching $9.78. The stock had a trading volume of 281,681 shares, compared to its average volume of 167,012. Orkla Asa has a 52 week low of $9.51 and a 52 week high of $13.90. The stock’s 50 day moving average is $10.46 and its two-hundred day moving average is $11.25. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.34. The firm has a market cap of $9.64 billion, a PE ratio of 13.77 and a beta of 0.34.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Orkla Asa had a return on equity of 13.98% and a net margin of 9.63%.The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.86 billion.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Orkla Asa has an average rating of “Reduce”.

Orkla Asa Company Profile

Orkla ASA is a Norway-based branded consumer goods company and investment group headquartered in Oslo. The company develops, markets and sells everyday products through a portfolio of businesses serving consumers and professional customers primarily in the Nordic and Baltic countries, as well as selected markets in Europe and other regions.

Orkla’s activities span food and beverages, confectionery and snacks, food ingredients, personal care, health products and household goods. Its portfolio includes a range of local and international brands distributed through grocery stores, specialty retailers, food-service channels and other sales outlets.