Orangekloud Technology Inc. (NASDAQ:ORKT) Short Interest Up 66.2% in July

Orangekloud Technology Inc. (NASDAQ:ORKT) was the target of a significant growth in short interest during 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. Based on an average daily volume of 104,095 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.0% of the company’s stock are short sold.

Institutional Trading of Orangekloud Technology

A hedge fund recently bought a new stake in Orangekloud Technology stock. Citadel Advisors LLC bought a new stake in shares of Orangekloud Technology Inc. (NASDAQ:ORKT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 SEC filing.

Orangekloud Technology Price Performance

NASDAQ:ORKT opened at $0.97 on Friday. Orangekloud Technology has a fifty-two week low of $0.62 and a fifty-two week high of $3.28. The stock has a fifty day moving average price of $1.12 and a 200-day moving average price of $1.06. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.02.

Analyst Ratings Changes

ORKT has been the subject of a number of analyst reports. Maxim Group downgraded Orangekloud Technology from a “buy” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Orangekloud Technology in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Orangekloud Technology has an average rating of “Reduce”.

About Orangekloud Technology

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.