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

Orkla Asa (OTCMKTS:ORKLY) was the recipient of 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 96,861 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

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

Orkla Asa Stock Up 0.5%

Orkla Asa stock traded up $0.06 during midday trading on Friday, reaching $11.98. The company’s stock had a trading volume of 57,305 shares, compared to its average volume of 59,295. Orkla Asa has a fifty-two week low of $9.91 and a fifty-two week 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 company has a market cap of $11.95 billion, a P/E ratio of 10.79 and a beta of 0.39. The business has a 50-day simple moving average of $12.49 and a 200-day simple moving average of $11.81.

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

Orkla Asa Company Profile

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.