Orkla Asa (OTCMKTS:ORKLY) Stock Short Interest Jumps 160.0%

Orkla Asa (OTCMKTS:ORKLY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 111,554 shares, an increase of 160.0% from the September 30th total of 42,907 shares. Based on an average trading volume of 440,332 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Orkla Asa Trading Up 1.3%

Shares of Orkla Asa stock traded up $0.14 on Friday, hitting $10.66. 40,897 shares of the company’s stock traded hands, compared to its average volume of 146,908. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.63. Orkla Asa has a one year low of $9.40 and a one year high of $13.90. The firm’s 50-day moving average price is $9.99 and its two-hundred day moving average price is $11.34. The stock has a market capitalization of $10.50 billion, a PE ratio of 15.01 and a beta of 0.37.

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

About Orkla Asa

Orkla ASA is a Norwegian investment and industrial group focused primarily on branded consumer goods and related businesses. The company develops, produces and markets food, snacks, confectionery, health and personal-care products, and other everyday consumer products through a portfolio of established brands.

Its product categories include prepared foods, grocery products, baked goods, snacks, sweets, nutritional products, personal care and household items. Orkla also has operations in food ingredients and food services, supplying products and solutions to retailers, food manufacturers and professional customers.

Orkla’s businesses serve consumers and customers mainly in the Nordic and Baltic countries, with selected activities and brands serving additional international markets.