Short Interest in Orkla ASA (OTCMKTS:ORKLY) Expands By 31.5%

Orkla ASA (OTCMKTS:ORKLY) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 46,300 shares, a growth of 31.5% from the January 31st total of 35,200 shares. Based on an average daily volume of 51,800 shares, the short-interest ratio is currently 0.9 days.

Orkla ASA Stock Performance

Shares of OTCMKTS:ORKLY traded up $0.13 on Tuesday, reaching $9.84. The company’s stock had a trading volume of 18,329 shares, compared to its average volume of 28,738. Orkla ASA has a 52-week low of $6.36 and a 52-week high of $10.00. The stock has a market capitalization of $9.82 billion, a P/E ratio of 17.57 and a beta of 0.59. The stock’s 50-day moving average is $9.14 and its two-hundred day moving average is $9.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.70.

Orkla ASA (OTCMKTS:ORKLY) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.14 EPS for the quarter. The company had revenue of $1.70 billion during the quarter. Orkla ASA had a net margin of 8.58% and a return on equity of 13.13%.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised Orkla ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

About Orkla ASA

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.