Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Orkla Asa (OTCMKTS:ORKLY) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 68 shares, a drop of 89.6% from the August 31st total of 656 shares. Based on an average daily trading volume, of 370,124 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Orkla Asa Stock Up 0.2%

Shares of ORKLY traded up $0.02 on Thursday, reaching $9.78. The stock had a trading volume of 281,681 shares, compared to its average volume of 167,012. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.87 and a current ratio of 1.12. Orkla Asa has a 12-month low of $9.51 and a 12-month high of $13.90. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 13.77 and a beta of 0.34. The company has a 50-day simple moving average of $10.46 and a 200-day simple moving average of $11.25.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Orkla Asa had a return on equity of 13.98% and a net margin of 9.63%.The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.86 billion.

Analysts Set New Price Targets

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

Orkla Asa Company Profile

Orkla ASA is a Norway-based branded consumer goods company and investment group headquartered in Oslo. The company develops, markets and sells everyday products through a portfolio of businesses serving consumers and professional customers primarily in the Nordic and Baltic countries, as well as selected markets in Europe and other regions.

Orkla’s activities span food and beverages, confectionery and snacks, food ingredients, personal care, health products and household goods. Its portfolio includes a range of local and international brands distributed through grocery stores, specialty retailers, food-service channels and other sales outlets.