Orkla Asa (OTCMKTS:ORKLY – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 111,554 shares, a growth of 160.0% from the September 30th total of 42,907 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 440,332 shares, the short-interest ratio is presently 0.3 days.
Orkla Asa Price Performance
Shares of Orkla Asa stock opened at $10.52 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of 14.82 and a beta of 0.37. The company has a 50-day simple moving average of $9.98 and a two-hundred day simple moving average of $11.34. Orkla Asa has a twelve month low of $9.40 and a twelve month high of $13.90.
Orkla Asa (OTCMKTS:ORKLY – Get Free Report) last issued its earnings results on Thursday, August 20th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Orkla Asa had a net margin of 9.63% and a return on equity of 13.98%.
Orkla Asa Company Profile
Orkla ASA is a Norwegian investment and industrial group focused primarily on branded consumer goods and related businesses. The company develops, produces and markets food, snacks, confectionery, health and personal-care products, and other everyday consumer products through a portfolio of established brands.
Its product categories include prepared foods, grocery products, baked goods, snacks, sweets, nutritional products, personal care and household items. Orkla also has operations in food ingredients and food services, supplying products and solutions to retailers, food manufacturers and professional customers.
Orkla’s businesses serve consumers and customers mainly in the Nordic and Baltic countries, with selected activities and brands serving additional international markets.
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