Orkla Asa (OTCMKTS:ORKLY) Sees Large Decrease in Short Interest

Key Points

• Orkla Asa experienced a 64.9% decrease in short interest in September, with only 8,000 shares reported by September 30th, down from 22,800 shares on September 15th.
• The company’s stock is currently trading at $10.57 with a market capitalization of $10.54 billion and a PE ratio of 10.67.
• Orkla Asa operates in the branded consumer goods, industrial, and financial investment sectors, offering a variety of food products through multiple distribution channels.

Orkla Asa (OTCMKTS:ORKLY - ) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 8,000 shares, a decrease of 64.9% from the September 15th total of 22,800 shares. Based on an average trading volume of 123,700 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 123,700 shares, the days-to-cover ratio is currently 0.1 days.

Orkla Asa Trading Up 0.7%

ORKLY stock opened at $10.57 on Friday. The company has a market capitalization of $10.54 billion, a PE ratio of 10.67 and a beta of 0.44. Orkla Asa has a 12 month low of $8.53 and a 12 month high of $12.10. The firm's 50-day moving average is $10.90 and its 200 day moving average is $10.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.21 and a quick ratio of 0.62.

Orkla Asa Company Profile

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.

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