Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Orkla Asa (OTCMKTS:ORKLY) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 52,447 shares, a drop of 64.3% from the January 15th total of 146,786 shares. Based on an average trading volume of 102,283 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 102,283 shares, the days-to-cover ratio is presently 0.5 days.

Orkla Asa Stock Performance

OTCMKTS:ORKLY traded up $0.67 during mid-day trading on Thursday, hitting $13.61. 15,089 shares of the company traded hands, compared to its average volume of 42,628. The stock’s fifty day moving average price is $11.41 and its 200-day moving average price is $10.95. Orkla Asa has a one year low of $9.45 and a one year high of $13.78. The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 13.09 and a beta of 0.43.

Orkla Asa (OTCMKTS:ORKLY) last released its earnings results on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter. Orkla Asa had a net margin of 15.49% and a return on equity of 13.29%.

Orkla Asa Company Profile

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.