Orkla ASA (OTCMKTS:ORKLY - Get Free Report) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 11,600 shares, a decline of 38.9% from the December 15th total of 19,000 shares. Based on an average trading volume of 43,500 shares, the days-to-cover ratio is currently 0.3 days.
Orkla ASA Stock Up 0.4 %
OTCMKTS:ORKLY traded up $0.04 on Tuesday, hitting $8.71. The stock had a trading volume of 40,341 shares, compared to its average volume of 38,930. The company has a market cap of $8.72 billion, a PE ratio of 16.43 and a beta of 0.58. Orkla ASA has a 52 week low of $6.36 and a 52 week high of $9.89. The business's fifty day moving average is $8.96 and its 200 day moving average is $8.91. The company has a quick ratio of 0.64, a current ratio of 1.18 and a debt-to-equity ratio of 0.35.
Orkla ASA (OTCMKTS:ORKLY - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.17 earnings per share for the quarter. Orkla ASA had a net margin of 8.18% and a return on equity of 12.95%. The firm had revenue of $1.64 billion for the quarter.
Analyst Ratings Changes
Separately, Sanford C. Bernstein raised shares of Orkla ASA from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th.
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About Orkla ASA
(
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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.
Further Reading
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