Orange (OTCMKTS:ORANY) Short Interest Down 36.8% in August

Orange (OTCMKTS:ORANY) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 238,000 shares, a decline of 36.8% from the August 15th total of 376,600 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 312,200 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 312,200 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. The Goldman Sachs Group raised shares of Orange from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of Orange from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Finally, Berenberg Bank raised shares of Orange to a “strong-buy” rating in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Orange Stock Performance

Shares of ORANY opened at $16.25 on Monday. Orange has a 12 month low of $9.60 and a 12 month high of $17.03. The stock’s fifty day simple moving average is $15.95. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.89.

About Orange

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. It operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; International Carriers & Shared Services; and Mobile Financial Services segments.