Orkla Asa (OTCMKTS:ORKLY) Short Interest Down 67.9% in April

Orkla Asa (OTCMKTS:ORKLY) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 20,667 shares, a drop of 67.9% from the April 15th total of 64,287 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 96,861 shares, the days-to-cover ratio is presently 0.2 days.

Orkla Asa Stock Performance

Shares of ORKLY stock traded down $0.02 on Thursday, hitting $11.99. The company had a trading volume of 58,321 shares, compared to its average volume of 52,658. Orkla Asa has a twelve month low of $9.91 and a twelve month high of $13.90. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.29. The firm has a market cap of $11.96 billion, a P/E ratio of 10.80 and a beta of 0.39. The company has a 50-day moving average price of $12.54 and a 200-day moving average price of $11.80.

Orkla Asa (OTCMKTS:ORKLY) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.

Analysts Set New Price Targets

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

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.