Orkla Asa (OTCMKTS:ORKLY) Stock Short Interest Rises 62,998.5%

Orkla Asa (OTCMKTS:ORKLY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 42,907 shares, a growth of 62,998.5% from the September 15th total of 68 shares. Based on an average daily trading volume, of 366,682 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Orkla Asa Price Performance

OTCMKTS ORKLY traded up $0.02 during trading hours on Friday, reaching $9.83. The company’s stock had a trading volume of 269,474 shares, compared to its average volume of 88,611. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 1.12. The company’s 50-day moving average is $10.20 and its two-hundred day moving average is $11.06. Orkla Asa has a fifty-two week low of $9.40 and a fifty-two week high of $13.90. The stock has a market cap of $9.69 billion, a PE ratio of 13.85 and a beta of 0.37.

Orkla Asa (OTCMKTS:ORKLY) last announced its earnings results on Thursday, August 20th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Orkla Asa had a net margin of 9.63% and a return on equity of 13.98%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.86 billion.

About Orkla Asa

Orkla ASA is a Norway-based branded consumer goods company headquartered in Oslo. The company develops, markets and sells everyday products through established brands, primarily in the food, snacks, health and personal care, home care, and food ingredients categories.

Its portfolio includes products such as prepared foods, sauces, plant-based foods, confectionery, snacks, bakery and cooking ingredients, dietary supplements, personal care products, and household goods. Orkla sells through grocery, convenience, foodservice, pharmacy and specialty retail channels, with operations and commercial activities across the Nordic and Baltic countries, parts of Central Europe and India.

Orkla traces its origins to a mining company established in Norway in 1654 and has evolved through industrial and investment activities into a focused branded consumer goods group.