Orkla ASA (OTCMKTS:ORKLY) Short Interest Up 31.5% in February

Orkla ASA (OTCMKTS:ORKLY) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 46,300 shares, an increase of 31.5% from the January 31st total of 35,200 shares. Based on an average trading volume of 51,800 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Orkla ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

Orkla ASA Trading Down 0.1 %

OTCMKTS ORKLY traded down $0.01 on Wednesday, reaching $9.99. The company had a trading volume of 30,221 shares, compared to its average volume of 28,477. Orkla ASA has a 52 week low of $6.36 and a 52 week high of $10.05. The stock’s 50 day moving average is $9.16 and its 200-day moving average is $9.18. The company has a quick ratio of 0.70, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 17.84 and a beta of 0.53.

Orkla ASA (OTCMKTS:ORKLY) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.14 EPS for the quarter. Orkla ASA had a return on equity of 13.13% and a net margin of 8.58%. The company had revenue of $1.70 billion during the quarter.

About Orkla ASA

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.