Orkla Asa (OTCMKTS:ORKLY) Short Interest Up 99.1% in February

Orkla Asa (OTCMKTS:ORKLY) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 104,410 shares, a growth of 99.1% from the January 29th total of 52,447 shares. Based on an average daily volume of 82,723 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 82,723 shares, the days-to-cover ratio is presently 1.3 days.

Orkla Asa Price Performance

Shares of OTCMKTS ORKLY opened at $13.73 on Friday. Orkla Asa has a 1 year low of $9.64 and a 1 year high of $13.86. 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 firm has a 50-day moving average of $12.06 and a 200 day moving average of $11.19.

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, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.85 billion. Orkla Asa had a net margin of 16.06% and a return on equity of 13.96%.

Analyst Ratings Changes

Separately, Kepler Capital Markets cut Orkla Asa from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

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.