Orkla Asa (OTCMKTS:ORKLY) Sees Significant Drop in Short Interest

Orkla Asa (OTCMKTS:ORKLY) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 52,447 shares, a decrease of 64.3% from the January 15th total of 146,786 shares. Based on an average daily volume of 102,283 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 102,283 shares, the days-to-cover ratio is presently 0.5 days.

Orkla Asa Trading Up 0.9%

Orkla Asa stock opened at $12.75 on Wednesday. Orkla Asa has a 12-month low of $9.03 and a 12-month high of $12.79. The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average price is $11.36 and its 200 day moving average price is $10.93.

Orkla Asa (OTCMKTS:ORKLY) last announced its earnings results on Friday, November 14th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. Orkla Asa had a return on equity of 13.29% and a net margin of 15.49%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.76 billion.

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.