Orkla ASA (OTCMKTS:ORKLY) Sees Significant Growth in Short Interest

Orkla ASA (OTCMKTS:ORKLY) was the recipient of a large growth in short interest in 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 volume of 51,800 shares, the days-to-cover ratio is currently 0.9 days.

Orkla ASA Stock Down 0.1 %

OTCMKTS ORKLY traded down $0.01 during trading on Wednesday, hitting $9.99. The stock had a trading volume of 30,221 shares, compared to its average volume of 28,477. The company has a market capitalization of $9.97 billion, a PE ratio of 17.84 and a beta of 0.53. Orkla ASA has a 12 month low of $6.36 and a 12 month high of $10.05. The company’s 50-day moving average price is $9.16 and its two-hundred day moving average price is $9.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.70 and a current ratio of 1.30.

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

Analysts Set New Price Targets

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

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.