Orkla ASA (OTCMKTS:ORKLY) Short Interest Update

Orkla ASA (OTCMKTS:ORKLY - Get Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 37,300 shares, a growth of 98.4% from the February 28th total of 18,800 shares. Based on an average daily volume of 41,700 shares, the short-interest ratio is currently 0.9 days. Currently, 0.0% of the company's stock are sold short.

Orkla ASA Stock Performance

Shares of OTCMKTS ORKLY traded up $0.08 during midday trading on Tuesday, reaching $11.05. The company's stock had a trading volume of 19,072 shares, compared to its average volume of 26,974. The firm has a 50 day moving average price of $9.81 and a 200-day moving average price of $9.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.70. The stock has a market capitalization of $11.03 billion, a P/E ratio of 19.74 and a beta of 0.53. Orkla ASA has a 12-month low of $6.36 and a 12-month high of $11.08.

Orkla ASA (OTCMKTS:ORKLY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.14 EPS for the quarter. The company had revenue of $1.70 billion during the quarter. Orkla ASA had a net margin of 8.58% and a return on equity of 13.13%.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised Orkla ASA from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th.

About Orkla ASA

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.