Short Interest in Orkla Asa (OTCMKTS:ORKLY) Decreases By 54.3%

Key Points

• Orkla Asa's short interest decreased by 54.3% in August, falling to 18,900 shares from the previous total of 41,400 shares.
• The company reported earnings of $0.15 per share for the last quarter, matching analysts' expectations, while revenue was $1.74 billion.
• Orkla Asa's stock is currently trading at $11.39, with a market capitalization of $11.36 billion and a P/E ratio of 11.51.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totaling 18,900 shares, a decrease of 54.3% from the July 31st total of 41,400 shares. Based on an average trading volume of 90,900 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 90,900 shares, the days-to-cover ratio is presently 0.2 days.

Orkla Asa Stock Down 0.4%

Orkla Asa stock traded down $0.05 during midday trading on Wednesday, hitting $11.44. 25,963 shares of the stock were exchanged, compared to its average volume of 36,395. Orkla Asa has a 52-week low of $8.53 and a 52-week high of $12.10. The company has a quick ratio of 0.62, a current ratio of 1.21 and a debt-to-equity ratio of 0.34. The business's 50-day moving average price is $10.95 and its 200-day moving average price is $10.92. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 11.56 and a beta of 0.45.

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 net margin of 15.14% and a return on equity of 13.07%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $17.37 billion.

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.