Short Interest in Orangekloud Technology Inc. (NASDAQ:ORKT) Drops By 44.1%

Orangekloud Technology Inc. (NASDAQ:ORKT) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 29,448 shares, a decrease of 44.1% from the July 30th total of 52,703 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 15,949 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Orangekloud Technology in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Orangekloud Technology Stock Performance

Shares of Orangekloud Technology stock traded down $0.01 during trading hours on Monday, reaching $0.96. The company’s stock had a trading volume of 100,798 shares, compared to its average volume of 501,715. The firm has a 50 day moving average price of $1.03 and a 200-day moving average price of $1.07. Orangekloud Technology has a one year low of $0.62 and a one year high of $2.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.43 and a current ratio of 2.43.

Institutional Inflows and Outflows

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

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.