Short Interest in Orkla ASA (OTCMKTS:ORKLY) Decreases By 38.9%

Orkla ASA (OTCMKTS:ORKLY) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 11,600 shares, a decline of 38.9% from the December 31st total of 19,000 shares. Based on an average daily volume of 43,500 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

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

Orkla ASA Trading Up 0.8 %

OTCMKTS ORKLY traded up $0.07 during trading on Wednesday, reaching $9.17. 107,461 shares of the company’s stock traded hands, compared to its average volume of 26,503. The company’s 50 day simple moving average is $8.92 and its two-hundred day simple moving average is $8.98. The company has a current ratio of 1.30, a quick ratio of 0.70 and a debt-to-equity ratio of 0.34. Orkla ASA has a 12-month low of $6.36 and a 12-month high of $9.89.

Orkla ASA (OTCMKTS:ORKLY) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.17 EPS for the quarter. Orkla ASA had a net margin of 8.18% and a return on equity of 12.87%. The business had revenue of $1.64 billion during the quarter.

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.