Orkla ASA (OTCMKTS:ORKLY - Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 17,900 shares, an increase of 145.2% from the April 30th total of 7,300 shares. Based on an average trading volume of 115,900 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.
Orkla ASA Price Performance
OTCMKTS:ORKLY traded down $0.13 during trading hours on Tuesday, reaching $11.38. 45,771 shares of the company were exchanged, compared to its average volume of 40,893. The company has a current ratio of 1.30, a quick ratio of 0.70 and a debt-to-equity ratio of 0.34. The firm has a market cap of $11.35 billion, a PE ratio of 20.32 and a beta of 0.50. Orkla ASA has a twelve month low of $7.90 and a twelve month high of $12.10. The stock's 50-day moving average is $11.18 and its 200-day moving average is $9.97.
Orkla ASA (OTCMKTS:ORKLY - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $17.53 billion. Orkla ASA had a net margin of 8.58% and a return on equity of 13.13%.
Orkla ASA Increases Dividend
The firm also recently disclosed a dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, April 29th were issued a $0.6871 dividend. This is an increase from Orkla ASA's previous dividend of $0.40. The ex-dividend date of this dividend was Monday, April 28th. This represents a yield of 5.82%. Orkla ASA's dividend payout ratio is presently 46.55%.
About Orkla ASA
(
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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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