Short Interest in Orkla ASA (OTCMKTS:ORKLY) Rises By 31.5%

Orkla ASA (OTCMKTS:ORKLY - Get Free Report) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 46,300 shares, a growth of 31.5% from the January 31st total of 35,200 shares. Based on an average daily trading volume, of 51,800 shares, the short-interest ratio is presently 0.9 days.

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.

Orkla ASA Stock Performance

Shares of Orkla ASA stock traded up $0.16 during trading on Friday, hitting $10.01. 13,009 shares of the company's stock traded hands, compared to its average volume of 27,884. Orkla ASA has a 1 year low of $6.36 and a 1 year high of $10.32. The business has a 50-day simple moving average of $9.23 and a 200-day simple moving average of $9.19. 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 $9.99 billion, a P/E ratio of 17.88 and a beta of 0.53.

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

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.