Short Interest in Orkla ASA (OTCMKTS:ORKLY) Declines By 54.4%

Orkla ASA (OTCMKTS:ORKLY - Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 14,500 shares, a drop of 54.4% from the September 30th total of 31,800 shares. Based on an average trading volume of 31,500 shares, the short-interest ratio is presently 0.5 days.

Orkla ASA Trading Down 0.8 %

Shares of ORKLY stock traded down $0.07 on Friday, reaching $9.11. 25,442 shares of the company's stock were exchanged, compared to its average volume of 39,160. The stock has a market capitalization of $9.12 billion, a PE ratio of 17.86 and a beta of 0.59. Orkla ASA has a 52 week low of $6.36 and a 52 week high of $9.89. The company has a current ratio of 1.18, a quick ratio of 0.64 and a debt-to-equity ratio of 0.35. The company's fifty day simple moving average is $9.24 and its 200 day simple moving average is $8.37.

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.

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