Orkla Asa (OTCMKTS:ORKLY) Short Interest Update

Orkla Asa (OTCMKTS:ORKLY) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 8,923 shares, a decline of 58.6% from the May 31st total of 21,537 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 237,486 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered Orkla Asa from a “hold” rating to a “strong sell” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

Orkla Asa Stock Performance

Shares of OTCMKTS:ORKLY traded up $0.10 during mid-day trading on Monday, reaching $10.71. 52,764 shares of the company traded hands, compared to its average volume of 67,423. The company’s 50 day moving average price is $11.44 and its 200-day moving average price is $11.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The firm has a market cap of $10.69 billion, a PE ratio of 9.48 and a beta of 0.34. Orkla Asa has a 52 week low of $9.91 and a 52 week high of $13.90.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. Orkla Asa had a return on equity of 13.83% and a net margin of 15.69%.

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.