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

Orangekloud Technology Inc. (NASDAQ:ORKT) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 124,355 shares, a decrease of 46.8% from the February 12th total of 233,803 shares. Based on an average daily volume of 120,890 shares, the days-to-cover ratio is presently 1.0 days. Currently, 2.1% of the shares of the stock are short sold. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily volume of 120,890 shares, the days-to-cover ratio is presently 1.0 days.

Orangekloud Technology Stock Performance

NASDAQ:ORKT traded up $0.02 on Thursday, hitting $1.09. 7,763 shares of the stock were exchanged, compared to its average volume of 1,334,111. Orangekloud Technology has a 52 week low of $0.62 and a 52 week high of $3.60. The company’s 50-day moving average price is $0.98 and its 200 day moving average price is $1.43.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Orangekloud Technology in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Orangekloud Technology

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

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.