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

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

Hedge Funds Weigh In On Orangekloud Technology

A hedge fund recently bought a new position in Orangekloud Technology stock. Citadel Advisors LLC acquired a new stake in Orangekloud Technology Inc. (NASDAQ:ORKT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,601 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned approximately 0.28% of Orangekloud Technology at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Orangekloud Technology in a report on Tuesday, May 26th. Maxim Group cut Orangekloud Technology from a “buy” rating to a “hold” rating in a report on Monday, April 20th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Orangekloud Technology Stock Down 1.0%

ORKT traded down $0.01 during trading hours on Friday, hitting $1.00. 223,801 shares of the company’s stock were exchanged, compared to its average volume of 548,529. Orangekloud Technology has a 12-month low of $0.62 and a 12-month high of $3.28. The firm has a 50 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 current ratio of 2.43 and a quick ratio of 2.43.

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.