Short Interest in Orkla Asa (OTCMKTS:ORKLY) Decreases By 64.9%

Orkla Asa (OTCMKTS:ORKLY) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 8,000 shares, a decline of 64.9% from the September 15th total of 22,800 shares. Based on an average daily trading volume, of 123,700 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 123,700 shares, the short-interest ratio is presently 0.1 days.

Orkla Asa Stock Up 0.7%

ORKLY opened at $10.57 on Monday. Orkla Asa has a twelve month low of $8.53 and a twelve month high of $12.10. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 10.67 and a beta of 0.44. The company has a quick ratio of 0.62, a current ratio of 1.21 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average price of $10.90 and a 200-day moving average price of $10.98.

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.