Orange (OTCMKTS:ORANY) Short Interest Up 48.7% in December

Orange (OTCMKTS:ORANY) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 434,315 shares, an increase of 48.7% from the December 15th total of 291,985 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 239,712 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 239,712 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.0% of the shares of the company are sold short.

Orange Stock Up 0.9%

ORANY opened at $17.15 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average of $16.42 and a 200 day moving average of $16.13. Orange has a fifty-two week low of $10.41 and a fifty-two week high of $17.22.

Orange Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd were issued a dividend of $0.2392 per share. This represents a dividend yield of 395.0%. The ex-dividend date of this dividend was Monday, December 1st.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ORANY. Sanford C. Bernstein upgraded Orange to a “hold” rating in a research note on Tuesday, October 21st. Zacks Research downgraded Orange from a “hold” rating to a “strong sell” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Orange in a research note on Friday. Finally, Citigroup raised shares of Orange from a “hold” rating to a “buy” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Orange presently has a consensus rating of “Moderate Buy”.

Orange Company Profile

Orange SA, commonly known as Orange, is a multinational telecommunications operator headquartered in Paris, France. The company has its roots in the former state-owned France Télécom and later consolidated its international operations under the Orange brand. Orange provides a wide range of connectivity and communications services and maintains a significant presence across Europe, and in many countries in Africa and the Middle East, serving both consumer and business customers.

Orange’s core activities include mobile and fixed-line telephony, broadband and fiber internet access, and television services for retail customers.