Orkla Asa (OTCMKTS:ORKLY – Get Free Report) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 54,889 shares, a decrease of 34.4% from the July 30th total of 83,628 shares. Based on an average trading volume of 76,027 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s shares are short sold.
Orkla Asa Stock Performance
Shares of ORKLY stock opened at $10.20 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 14.37 and a beta of 0.35. Orkla Asa has a one year low of $9.91 and a one year high of $13.90. The company’s 50-day simple moving average is $10.82 and its 200-day simple moving average is $11.71.
Orkla Asa (OTCMKTS:ORKLY – Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Orkla Asa had a net margin of 9.63% and a return on equity of 13.85%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.86 billion.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on ORKLY
Orkla Asa Company Profile
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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