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

Orkla ASA (OTCMKTS:ORKLY) was the target of 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 volume of 51,800 shares, the days-to-cover ratio is currently 0.9 days.

Orkla ASA Trading Down 0.1 %

OTCMKTS ORKLY opened at $9.99 on Thursday. The company has a market cap of $9.97 billion, a P/E 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 has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.70. The company has a 50-day moving average of $9.18 and a 200-day moving average of $9.18.

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

Wall Street Analyst Weigh In

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

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.