Orkla Asa (OTCMKTS:ORKLY) Shares Shorted: Short Interest Up 160.0% in October

Orkla Asa (OTCMKTS:ORKLY) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 111,554 shares, a growth of 160.0% from the September 30th total of 42,907 shares. Based on an average trading volume of 440,332 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Orkla Asa Trading Up 0.5%

ORKLY opened at $10.54 on Thursday. The firm’s fifty day moving average is $9.99 and its two-hundred day moving average is $11.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 1.12. The firm has a market cap of $10.39 billion, a PE ratio of 14.85 and a beta of 0.37. Orkla Asa has a twelve month low of $9.40 and a twelve month high of $13.90.

Orkla Asa (OTCMKTS:ORKLY) last announced its quarterly earnings results on Thursday, August 20th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Orkla Asa had a net margin of 9.63% and a return on equity of 13.98%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.86 billion.

Orkla Asa Company Profile

Orkla ASA is a Norwegian investment and industrial group focused primarily on branded consumer goods and related businesses. The company develops, produces and markets food, snacks, confectionery, health and personal-care products, and other everyday consumer products through a portfolio of established brands.

Its product categories include prepared foods, grocery products, baked goods, snacks, sweets, nutritional products, personal care and household items. Orkla also has operations in food ingredients and food services, supplying products and solutions to retailers, food manufacturers and professional customers.

Orkla’s businesses serve consumers and customers mainly in the Nordic and Baltic countries, with selected activities and brands serving additional international markets.