Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Orkla Asa (OTCMKTS:ORKLY) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 21,537 shares, a decline of 69.5% from the May 14th total of 70,634 shares. Based on an average daily volume of 161,371 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Orkla Asa Stock Down 1.4%

OTCMKTS ORKLY traded down $0.15 on Thursday, hitting $10.44. 106,349 shares of the stock traded hands, compared to its average volume of 61,061. The stock has a 50-day moving average of $12.01 and a 200 day moving average of $11.91. Orkla Asa has a twelve month low of $9.91 and a twelve month high of $13.90. The company has a market capitalization of $10.42 billion, a P/E ratio of 9.24 and a beta of 0.34. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.29.

Orkla Asa (OTCMKTS:ORKLY) last issued its earnings results on Wednesday, May 20th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 billion. Orkla Asa had a return on equity of 14.12% and a net margin of 15.69%.

Analyst Ratings Changes

Several equities analysts have recently commented on ORKLY shares. Kepler Capital Markets cut Orkla Asa from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. UBS Group cut shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a report on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Orkla Asa Company Profile

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.