Orkla ASA (OTCMKTS:ORKLY - Get Free Report) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 42,900 shares, a growth of 139.7% from the May 15th total of 17,900 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 68,000 shares, the short-interest ratio is presently 0.6 days.
Orkla ASA Stock Up 0.4%
Orkla ASA stock traded up $0.05 during trading on Friday, reaching $11.18. 32,147 shares of the company's stock were exchanged, compared to its average volume of 41,228. The company's 50-day moving average is $11.26 and its two-hundred day moving average is $10.11. 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 has a 52-week low of $7.90 and a 52-week high of $12.10. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 19.96 and a beta of 0.51.
Orkla ASA (OTCMKTS:ORKLY - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. Orkla ASA had a net margin of 8.58% and a return on equity of 13.13%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $17.53 billion.
Orkla ASA Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, April 29th were issued a dividend of $0.6871 per share. This represents a yield of 5.82%. This is a boost from Orkla ASA's previous dividend of $0.40. The ex-dividend date was Monday, April 28th. Orkla ASA's dividend payout ratio (DPR) is presently 46.55%.
Orkla ASA Company Profile
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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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