Orkla Asa (OTCMKTS:ORKLY) Short Interest Down 36.8% in April

Orkla Asa (OTCMKTS:ORKLY) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 64,287 shares, a drop of 36.8% from the March 31st total of 101,680 shares. Based on an average trading volume of 133,318 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Orkla Asa Stock Up 0.7%

Shares of ORKLY traded up $0.09 during trading hours on Thursday, hitting $12.25. The stock had a trading volume of 2,576 shares, compared to its average volume of 50,591. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.43 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $12.77 and a 200-day simple moving average of $11.69. The firm has a market capitalization of $12.22 billion, a P/E ratio of 11.04 and a beta of 0.43. Orkla Asa has a 1-year low of $9.91 and a 1-year high of $13.90.

Orkla Asa (OTCMKTS:ORKLY) last issued its earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.85 billion. Orkla Asa had a return on equity of 13.73% and a net margin of 16.06%.

About Orkla Asa

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.