Orkla Asa (OTCMKTS:ORKLY) Shares Shorted: Short Interest Up 62,998.5% in September

Orkla Asa (OTCMKTS:ORKLY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 42,907 shares, a growth of 62,998.5% from the September 15th total of 68 shares. Based on an average trading volume of 366,682 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Orkla Asa Price Performance

Shares of ORKLY traded up $0.02 during trading hours on Friday, reaching $9.83. 269,474 shares of the company traded hands, compared to its average volume of 88,611. The stock has a market capitalization of $9.69 billion, a PE ratio of 13.85 and a beta of 0.37. The stock has a fifty day simple moving average of $10.20 and a 200 day simple moving average of $11.06. Orkla Asa has a fifty-two week low of $9.40 and a fifty-two week high of $13.90. The company has a quick ratio of 0.63, a current ratio of 1.12 and a debt-to-equity ratio of 0.34.

Orkla Asa (OTCMKTS:ORKLY) last announced its earnings results on Thursday, August 20th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.86 billion. Orkla Asa had a net margin of 9.63% and a return on equity of 13.98%.

About Orkla Asa

Orkla ASA is a Norway-based branded consumer goods company headquartered in Oslo. The company develops, markets and sells everyday products through established brands, primarily in the food, snacks, health and personal care, home care, and food ingredients categories.

Its portfolio includes products such as prepared foods, sauces, plant-based foods, confectionery, snacks, bakery and cooking ingredients, dietary supplements, personal care products, and household goods. Orkla sells through grocery, convenience, foodservice, pharmacy and specialty retail channels, with operations and commercial activities across the Nordic and Baltic countries, parts of Central Europe and India.

Orkla traces its origins to a mining company established in Norway in 1654 and has evolved through industrial and investment activities into a focused branded consumer goods group.