Orangekloud Technology Inc. (NASDAQ:ORKT) Short Interest Update

Orangekloud Technology Inc. (NASDAQ:ORKT) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 59,272 shares, a growth of 66.2% from the June 30th total of 35,666 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 104,095 shares, the days-to-cover ratio is presently 0.6 days.

Orangekloud Technology Price Performance

NASDAQ:ORKT traded down $0.01 during trading hours on Friday, hitting $1.00. The company’s stock had a trading volume of 223,801 shares, compared to its average volume of 548,529. The stock has a fifty day moving average of $1.12 and a 200-day moving average of $1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.43 and a current ratio of 2.43. Orangekloud Technology has a 52-week low of $0.62 and a 52-week high of $3.28.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ORKT shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Orangekloud Technology in a research report on Tuesday, May 26th. Maxim Group downgraded shares of Orangekloud Technology from a “buy” rating to a “hold” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Orangekloud Technology stock. Citadel Advisors LLC acquired a new stake in Orangekloud Technology Inc. (NASDAQ:ORKT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,601 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned about 0.28% of Orangekloud Technology as of its most recent filing with the Securities and Exchange Commission.

Orangekloud Technology Company Profile

Orangekloud Technology, Inc is a holding company, which engages in providing information technology consulting services. Its digital transformation projects include the sales and consulting of Microsoft Dynamics ERP software licenses. It operates through the Packaged Software Solutions, and No-Code Platform and Mobile Application segments. The Packaged Software Solutions segment refers to packaged software and custom software solutions. The No-Code Platform and Mobile Application focuses on providing a rapid development environment through a No-Code platform.