Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

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 target of a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 18,900 shares, adeclineof54.3% from the July 31st total of 41,400 shares. Based on an average trading volume of 90,900 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 90,900 shares, the short-interest ratio is presently 0.2 days.

Orkla Asa Trading Up 1.9%

Shares of ORKLY stock opened at $11.39 on Friday. The firm has a market capitalization of $11.36 billion, a P/E ratio of 11.51 and a beta of 0.45. Orkla Asa has a twelve month low of $8.53 and a twelve month 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 stock's fifty day simple moving average is $10.91 and its 200 day simple moving average is $10.87.

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

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.

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