Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Orkla Asa (OTCMKTS:ORKLY) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 54,889 shares, a decline of 34.4% from the July 30th total of 83,628 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 76,027 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

Separately, UBS Group cut shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Orkla Asa Stock Performance

Shares of ORKLY opened at $10.08 on Thursday. The business’s fifty day simple moving average is $10.81 and its two-hundred day simple moving average is $11.67. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. Orkla Asa has a 12 month low of $9.91 and a 12 month high of $13.90. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 14.20 and a beta of 0.34.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Orkla Asa had a return on equity of 13.85% and a net margin of 9.63%.

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.