Orkla ASA (OTCMKTS:ORKLY - Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 66,800 shares, an increase of 255.3% from the March 31st total of 18,800 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 107,700 shares, the days-to-cover ratio is presently 0.6 days.
Orkla ASA Stock Up 1.0 %
Shares of ORKLY stock traded up $0.11 on Friday, hitting $11.26. The stock had a trading volume of 71,303 shares, compared to its average volume of 39,668. The stock's 50 day moving average is $10.77 and its 200-day moving average is $9.69. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of 20.11 and a beta of 0.53. Orkla ASA has a 52-week low of $7.30 and a 52-week high of $12.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.70 and a current ratio of 1.30.
Orkla ASA (OTCMKTS:ORKLY - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.14 earnings per share for the quarter. Orkla ASA had a return on equity of 13.13% and a net margin of 8.58%. The company had revenue of $1.70 billion during the quarter.
Orkla ASA Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, April 29th will be paid a dividend of $0.6871 per share. This is a boost from Orkla ASA's previous dividend of $0.40. This represents a dividend yield of 5.82%. The ex-dividend date of this dividend is Monday, April 28th. Orkla ASA's dividend payout ratio is 121.43%.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein raised Orkla ASA from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th.
Get Our Latest Report on ORKLY
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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