Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Orkla Asa (OTCMKTS:ORKLY) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 68 shares, a decline of 89.6% from the August 31st total of 656 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 370,124 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, UBS Group lowered shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Orkla Asa has a consensus rating of “Reduce”.

Orkla Asa Trading Up 0.1%

OTCMKTS:ORKLY traded up $0.01 during trading hours on Friday, reaching $9.79. 100,726 shares of the stock were exchanged, compared to its average volume of 177,140. Orkla Asa has a twelve month low of $9.51 and a twelve month high of $13.90. The business has a 50-day moving average of $10.44 and a two-hundred day moving average of $11.24. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 13.79 and a beta of 0.34. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.34.

Orkla Asa (OTCMKTS:ORKLY) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Orkla Asa had a return on equity of 13.98% and a net margin of 9.63%.The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.86 billion.

About Orkla Asa

Orkla ASA is a Norway-based branded consumer goods company and investment group headquartered in Oslo. The company develops, markets and sells everyday products through a portfolio of businesses serving consumers and professional customers primarily in the Nordic and Baltic countries, as well as selected markets in Europe and other regions.

Orkla’s activities span food and beverages, confectionery and snacks, food ingredients, personal care, health products and household goods. Its portfolio includes a range of local and international brands distributed through grocery stores, specialty retailers, food-service channels and other sales outlets.