Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Key Points

• Orkla Asa experienced a significant increase in short interest, rising by 157.1% from 16,100 to 41,400 shares in July.
• The company's stock price is currently trading at $11.06, with a market capitalization of $11.03 billion.
• In its latest earnings report, Orkla reported an EPS of $0.15 and revenue of $1.74 billion, meeting analyst expectations.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 41,400 shares, anincreaseof157.1% from the July 15th total of 16,100 shares. Based on an average daily volume of 88,200 shares, the short-interest ratio is currently 0.5 days. Approximately0.0% of the shares of the company are short sold. Approximately0.0% of the shares of the company are short sold. Based on an average daily volume of 88,200 shares, the short-interest ratio is currently 0.5 days.

Orkla Asa Price Performance

Orkla Asa stock remained flat at $11.34 during trading on Thursday. The company had a trading volume of 66,103 shares, compared to its average volume of 45,989. Orkla Asa has a fifty-two week low of $8.53 and a fifty-two week high of $12.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.62 and a current ratio of 1.21. The company's 50-day moving average price is $10.83 and its 200 day moving average price is $10.74. The firm has a market cap of $11.31 billion, a PE ratio of 18.59 and a beta of 0.46.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) last posted its quarterly earnings data on Monday, July 14th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Orkla Asa had a return on equity of 13.07% and a net margin of 15.14%.The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $17.37 billion.

About Orkla Asa

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.