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

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

Orangekloud Technology Stock Performance

Shares of ORKT stock opened at $1.32 on Monday. The stock’s fifty day moving average is $1.09 and its 200-day moving average is $1.03. 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 52 week low of $0.62 and a 52 week high of $3.55.

Institutional Trading of Orangekloud Technology

An institutional investor recently bought a new position in Orangekloud Technology stock. Citadel Advisors LLC bought a new position in shares of Orangekloud Technology Inc. (NASDAQ:ORKT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,601 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned about 0.28% of Orangekloud Technology as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ORKT. Maxim Group cut Orangekloud Technology from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings restated 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Orangekloud Technology Company Profile

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.