Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Key Points

• Short interest fell sharply in April, down 36.8% to 64,287 shares, leaving a short‑interest ratio of just 0.5 days based on average daily volume.
• Kepler Capital Markets downgraded Orkla from a strong‑buy to a hold, and MarketBeat's consensus rating for the stock is currently Hold.
• Orkla beat quarterly estimates with EPS of $0.17 vs. $0.14 and revenue of $1.97B vs. $1.85B, yet the stock opened down 5.4% at $12.40; the company has a market cap of about $12.37B and a P/E of 11.17.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totaling 64,287 shares, a decline of 36.8% from the March 31st total of 101,680 shares. Based on an average daily volume of 133,318 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company's stock are short sold.

Analysts Set New Price Targets

Separately, Kepler Capital Markets cut shares of Orkla Asa from a "strong-buy" rating to a "hold" rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Orkla Asa Stock Down 5.4%

Shares of OTCMKTS ORKLY opened at $12.40 on Tuesday. Orkla Asa has a 1 year low of $9.91 and a 1 year high of $13.90. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 11.17 and a beta of 0.43. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.81 and a current ratio of 1.43. The stock's 50-day simple moving average is $12.83 and its 200-day simple moving average is $11.68.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. Orkla Asa had a return on equity of 13.73% and a net margin of 16.06%.The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.85 billion.

About Orkla Asa

Orkla ASA OTCMKTS: ORKLY is a leading Norwegian industrial group with a strong focus on branded consumer goods, aluminium solutions and strategic investments. Founded in 1654 as a regional copper mine in Orkdal, Trøndelag, the company has evolved over centuries into a diversified conglomerate headquartered in Oslo. Orkla's portfolio spans fast-moving consumer goods, including food, snacks, confectionery and personal care products, alongside advanced aluminium solutions and financial investments in select industries.

Within its branded consumer goods division, Orkla operates several business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients.

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