Short Interest in Orkla ASA (OTCMKTS:ORKLY) Rises By 265.4%

Orkla ASA (OTCMKTS:ORKLY) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 19,000 shares, an increase of 265.4% from the November 30th total of 5,200 shares. Based on an average daily volume of 35,400 shares, the short-interest ratio is currently 0.5 days.

Orkla ASA Stock Down 0.2 %

ORKLY stock traded down $0.02 during mid-day trading on Thursday, hitting $8.76. The stock had a trading volume of 16,128 shares, compared to its average volume of 35,886. The stock has a market capitalization of $8.77 billion, a price-to-earnings ratio of 16.53 and a beta of 0.58. The company has a current ratio of 1.18, a quick ratio of 0.64 and a debt-to-equity ratio of 0.35. Orkla ASA has a 1-year low of $6.36 and a 1-year high of $9.89. The company has a fifty day moving average of $9.14 and a 200 day moving average of $8.87.

Orkla ASA (OTCMKTS:ORKLY) last posted its earnings results on Tuesday, October 29th. The company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $1.64 billion during the quarter. Orkla ASA had a net margin of 8.18% and a return on equity of 12.95%.

Orkla ASA Company Profile

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.