Orkla Asa (OTCMKTS:ORKLY – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 63,153 shares, an increase of 391.2% from the June 30th total of 12,856 shares. Based on an average trading volume of 171,961 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.
Orkla Asa Stock Down 0.7%
ORKLY traded down $0.08 on Monday, hitting $10.62. The company had a trading volume of 39,991 shares, compared to its average volume of 69,116. 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 has a 52-week low of $9.91 and a 52-week high of $13.90. The stock has a fifty day simple moving average of $10.84 and a 200-day simple moving average of $11.87. The firm has a market capitalization of $10.47 billion, a P/E ratio of 9.40 and a beta of 0.34.
Orkla Asa (OTCMKTS:ORKLY – Get Free Report) last posted its earnings results on Wednesday, May 20th. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. Orkla Asa had a return on equity of 13.83% and a net margin of 15.69%.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Orkla Asa
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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