Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Orkla Asa (OTCMKTS:ORKLY) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 52,447 shares, a decrease of 64.3% from the January 15th total of 146,786 shares. Based on an average daily trading volume, of 102,283 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 102,283 shares, the days-to-cover ratio is presently 0.5 days.

Orkla Asa Stock Up 0.9%

Shares of OTCMKTS ORKLY opened at $12.75 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.71 and a debt-to-equity ratio of 0.33. Orkla Asa has a twelve month low of $9.03 and a twelve month high of $12.79. The business has a 50 day simple moving average of $11.36 and a 200-day simple moving average of $10.93.

Orkla Asa (OTCMKTS:ORKLY) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. Orkla Asa had a return on equity of 13.29% and a net margin of 15.49%.The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion.

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.