Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Orkla Asa (OTCMKTS:ORKLY) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 656 shares, a drop of 98.8% from the August 15th total of 54,889 shares. Based on an average trading volume of 137,148 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Orkla Asa Price Performance

Shares of OTCMKTS:ORKLY traded down $0.03 during trading on Thursday, hitting $9.83. 225,888 shares of the company’s stock were exchanged, compared to its average volume of 106,780. The business’s 50-day simple moving average is $10.71 and its 200 day simple moving average is $11.51. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 13.85 and a beta of 0.34. Orkla Asa has a 52-week low of $9.82 and a 52-week high of $13.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87.

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

Analyst Upgrades and Downgrades

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 research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company 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.