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

Orangekloud Technology Inc. (NASDAQ:ORKT) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 44,675 shares, a drop of 38.3% from the May 14th total of 72,355 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 114,346 shares, the short-interest ratio is presently 0.4 days.

Orangekloud Technology Stock Up 1.6%

Orangekloud Technology stock traded up $0.02 during mid-day trading on Tuesday, hitting $1.30. The company had a trading volume of 3,774,520 shares, compared to its average volume of 171,046. 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 1 year low of $0.62 and a 1 year high of $3.55. The business has a fifty day moving average of $1.10 and a 200 day moving average of $1.03.

Institutional Trading of Orangekloud Technology

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Maxim Group cut shares of Orangekloud Technology from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Orangekloud Technology in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Orangekloud Technology presently has a consensus 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.