Orkla ASA (OTCMKTS:ORKLY) Short Interest Up 1,366.7% in January

Orkla ASA (OTCMKTS:ORKLY - Get Free Report) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 35,200 shares, a growth of 1,366.7% from the January 15th total of 2,400 shares. Based on an average daily trading volume, of 66,200 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

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

Orkla ASA Trading Down 0.4 %

Shares of OTCMKTS:ORKLY traded down $0.04 during mid-day trading on Monday, hitting $9.75. The company had a trading volume of 11,855 shares, compared to its average volume of 32,886. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.70. Orkla ASA has a one year low of $6.36 and a one year high of $9.93. The firm has a fifty day moving average price of $8.97 and a 200 day moving average price of $9.07. The company has a market capitalization of $9.73 billion, a PE ratio of 18.40 and a beta of 0.59.

Orkla ASA (OTCMKTS:ORKLY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.14 earnings per share (EPS) for the quarter. Orkla ASA had a return on equity of 12.87% and a net margin of 8.18%. The business had revenue of $1.70 billion for the quarter.

Orkla ASA Company Profile

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.