Orkla ASA (OTCMKTS:ORKLY - Get Free Report) was the target of 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. Based on an average daily trading volume, of 68,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the stock are short sold.
Orkla ASA Price Performance
Shares of Orkla ASA stock traded down $0.18 during trading on Monday, reaching $11.00. The company's stock had a trading volume of 33,510 shares, compared to its average volume of 41,159. The business has a 50 day moving average price of $11.26 and a 200-day moving average price of $10.12. Orkla ASA has a 12-month low of $7.90 and a 12-month high of $12.10. The company has a market capitalization of $10.97 billion, a P/E ratio of 19.64 and a beta of 0.51. The company has a quick ratio of 0.70, a current ratio of 1.30 and a debt-to-equity ratio of 0.34.
Orkla ASA (OTCMKTS:ORKLY - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. Orkla ASA had a return on equity of 13.13% and a net margin of 8.58%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $17.53 billion.
Orkla ASA Increases Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, April 28th. This represents a yield of 5.82%. This is an increase from Orkla ASA's previous dividend of $0.40. Orkla ASA's payout ratio is currently 46.55%.
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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