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

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

Analysts Set New Price Targets

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

Orangekloud Technology Stock Performance

Shares of NASDAQ ORKT traded down $0.01 during trading on Thursday, reaching $1.10. 1,481 shares of the company traded hands, compared to its average volume of 1,646,473. The firm has a 50 day simple moving average of $0.92 and a 200-day simple moving average of $1.56. Orangekloud Technology has a 52-week low of $0.62 and a 52-week high of $4.28.

Institutional Trading of Orangekloud Technology

A hedge fund recently bought a new stake in Orangekloud Technology stock. Citadel Advisors LLC purchased a new position in shares of Orangekloud Technology Inc. (NASDAQ:ORKT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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.

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.