Orangekloud Technology Inc. (NASDAQ:ORKT) Short Interest Down 34.0% in March

Orangekloud Technology Inc. (NASDAQ:ORKT) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 82,051 shares, a drop of 34.0% from the February 26th total of 124,355 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 141,970 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Orangekloud Technology

An institutional investor recently bought a new position in Orangekloud Technology stock. Citadel Advisors LLC acquired a new position in shares of Orangekloud Technology Inc. (NASDAQ:ORKT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 reporting period.

Orangekloud Technology Stock Performance

Shares of NASDAQ:ORKT traded up $0.01 on Friday, reaching $1.04. 101,781 shares of the company were exchanged, compared to its average volume of 129,274. Orangekloud Technology has a 1-year low of $0.62 and a 1-year high of $3.55. The company has a 50-day moving average of $1.04 and a 200-day moving average of $1.30.

Analyst Ratings Changes

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

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.