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

Orangekloud Technology Inc. (NASDAQ:ORKT) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 233,803 shares, an increase of 254.8% from the January 29th total of 65,902 shares. Approximately 4.0% of the company’s shares are short sold. Based on an average daily volume of 1,310,642 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,310,642 shares, the days-to-cover ratio is currently 0.2 days. Approximately 4.0% of the company’s shares are short sold.

Orangekloud Technology Trading Up 13.8%

ORKT traded up $0.15 during mid-day trading on Friday, hitting $1.24. The stock had a trading volume of 143,589 shares, compared to its average volume of 3,048,149. The stock’s fifty day simple moving average is $0.93 and its 200-day simple moving average is $1.54. Orangekloud Technology has a 1-year low of $0.62 and a 1-year high of $4.12.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Orangekloud Technology stock. Citadel Advisors LLC acquired a new stake in Orangekloud Technology Inc. (NASDAQ:ORKT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 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 SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Orangekloud Technology in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.