Orkla Asa (OTCMKTS:ORKLY – Get Free Report) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 8,923 shares, a decline of 58.6% from the May 31st total of 21,537 shares. Based on an average daily trading volume, of 237,486 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
Orkla Asa Stock Performance
Orkla Asa stock traded down $0.14 during mid-day trading on Tuesday, reaching $10.55. 105,789 shares of the company traded hands, compared to its average volume of 67,953. The firm’s fifty day moving average is $11.40 and its two-hundred day moving average is $11.90. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 9.34 and a beta of 0.34. Orkla Asa has a fifty-two week low of $9.91 and a fifty-two week high of $13.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87.
Orkla Asa (OTCMKTS:ORKLY – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. Orkla Asa had a net margin of 15.69% and a return on equity of 13.83%.
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About Orkla Asa
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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