Orkla Asa (OTCMKTS:ORKLY) Stock Short Interest Report for September

Orkla Asa (OTCMKTS:ORKLY) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 42,907 shares, a growth of 62,998.5% from the September 15th total of 68 shares. Based on an average daily volume of 366,682 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Orkla Asa Stock Performance

OTCMKTS ORKLY opened at $9.83 on Friday. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 13.85 and a beta of 0.37. The business’s 50 day moving average is $10.17 and its two-hundred day moving average is $11.06. Orkla Asa has a 12-month low of $9.40 and a 12-month high of $13.90. The company has a current ratio of 1.12, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate 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.

Orkla Asa Company Profile

Orkla ASA is a Norway-based branded consumer goods company headquartered in Oslo. The company develops, markets and sells everyday products through established brands, primarily in the food, snacks, health and personal care, home care, and food ingredients categories.

Its portfolio includes products such as prepared foods, sauces, plant-based foods, confectionery, snacks, bakery and cooking ingredients, dietary supplements, personal care products, and household goods. Orkla sells through grocery, convenience, foodservice, pharmacy and specialty retail channels, with operations and commercial activities across the Nordic and Baltic countries, parts of Central Europe and India.

Orkla traces its origins to a mining company established in Norway in 1654 and has evolved through industrial and investment activities into a focused branded consumer goods group.