Orkla Asa (OTCMKTS:ORKLY) Short Interest Up 99.1% in February

Orkla Asa (OTCMKTS:ORKLY) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 104,410 shares, an increase of 99.1% from the January 29th total of 52,447 shares. Based on an average daily trading volume, of 82,723 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 82,723 shares, the days-to-cover ratio is currently 1.3 days.

Orkla Asa Price Performance

ORKLY stock traded up $0.10 during trading on Friday, reaching $13.73. The company’s stock had a trading volume of 66,306 shares, compared to its average volume of 43,165. The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average is $12.01 and its 200-day moving average is $11.17. The company has a market capitalization of $13.70 billion, a P/E ratio of 12.37 and a beta of 0.43. Orkla Asa has a 1 year low of $9.64 and a 1 year high of $13.86.

Orkla Asa (OTCMKTS:ORKLY) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Orkla Asa had a return on equity of 13.96% and a net margin of 16.06%.The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.85 billion.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets cut Orkla Asa from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 14th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Orkla Asa Company Profile

Orkla ASA (OTCMKTS: ORKLY) is a leading Norwegian industrial group with a strong focus on branded consumer goods, aluminium solutions and strategic investments. Founded in 1654 as a regional copper mine in Orkdal, Trøndelag, the company has evolved over centuries into a diversified conglomerate headquartered in Oslo. Orkla’s portfolio spans fast-moving consumer goods, including food, snacks, confectionery and personal care products, alongside advanced aluminium solutions and financial investments in select industries.

Within its branded consumer goods division, Orkla operates several business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients.