Orangekloud Technology Inc. (NASDAQ:ORKT) Sees Significant Increase in Short Interest

Orangekloud Technology Inc. (NASDAQ:ORKT) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 85,014 shares, an increase of 353.4% from the November 30th total of 18,751 shares. Based on an average daily trading volume, of 1,281,307 shares, the short-interest ratio is presently 0.1 days. Approximately 1.5% of the shares of the company are short sold. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,281,307 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Orangekloud Technology stock. Citadel Advisors LLC acquired a new position in Orangekloud Technology Inc. (NASDAQ:ORKT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Orangekloud Technology in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.00.

Orangekloud Technology Stock Down 2.0%

Shares of ORKT stock traded down $0.02 during trading hours on Friday, reaching $0.83. The stock had a trading volume of 31,191 shares, compared to its average volume of 276,000. The firm has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $2.08. Orangekloud Technology has a twelve month low of $0.78 and a twelve month high of $17.08.

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.