Short Interest in Orkla ASA (OTCMKTS:ORKLY) Expands By 31.5%

Orkla ASA (OTCMKTS:ORKLY) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 46,300 shares, an increase of 31.5% from the January 31st total of 35,200 shares. Based on an average daily trading volume, of 51,800 shares, the days-to-cover ratio is currently 0.9 days.

Orkla ASA Trading Down 0.1 %

Shares of Orkla ASA stock opened at $9.99 on Thursday. The business has a 50 day moving average price of $9.18 and a 200 day moving average price of $9.18. The company has a market capitalization of $9.97 billion, a P/E ratio of 17.84 and a beta of 0.53. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.70. Orkla ASA has a 1 year low of $6.36 and a 1 year high of $10.05.

Orkla ASA (OTCMKTS:ORKLY) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.14 EPS for the quarter. The firm had revenue of $1.70 billion during the quarter. Orkla ASA had a return on equity of 13.13% and a net margin of 8.58%.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of Orkla ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

About Orkla ASA

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.