Orkla ASA (OTCMKTS:ORKLY) Short Interest Up 265.4% in December

Orkla ASA (OTCMKTS:ORKLY) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 19,000 shares, an increase of 265.4% from the November 30th total of 5,200 shares. Based on an average daily trading volume, of 35,400 shares, the days-to-cover ratio is presently 0.5 days.

Orkla ASA Stock Performance

Shares of ORKLY traded down $0.02 during mid-day trading on Thursday, hitting $8.76. The company’s stock had a trading volume of 16,128 shares, compared to its average volume of 35,886. Orkla ASA has a one year low of $6.36 and a one year high of $9.89. The stock’s 50-day moving average is $9.14 and its two-hundred day moving average is $8.87. The firm has a market capitalization of $8.77 billion, a PE ratio of 16.53 and a beta of 0.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.64 and a current ratio of 1.18.

Orkla ASA (OTCMKTS:ORKLY) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $1.64 billion for the quarter. Orkla ASA had a net margin of 8.18% and a return on equity of 12.95%.

Orkla ASA Company Profile

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.