Orange (OTCMKTS:ORANY) Sees Large Drop in Short Interest

Orange (OTCMKTS:ORANY) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 378,126 shares, a decline of 28.6% from the February 26th total of 529,322 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 211,297 shares, the short-interest ratio is presently 1.8 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup upgraded shares of Orange from a “hold” rating to a “buy” rating in a research note on Tuesday, January 6th. Zacks Research upgraded shares of Orange from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Kepler Capital Markets lowered shares of Orange from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Orange in a research report on Monday, February 23rd. Finally, New Street Research lowered Orange from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Orange Stock Up 0.2%

ORANY opened at $19.89 on Friday. Orange has a 12-month low of $12.60 and a 12-month high of $21.47. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.11 and a quick ratio of 1.09. The firm has a 50 day moving average of $19.73 and a two-hundred day moving average of $17.47.

About Orange

Orange SA, commonly known as Orange, is a multinational telecommunications operator headquartered in Paris, France. The company has its roots in the former state-owned France Télécom and later consolidated its international operations under the Orange brand. Orange provides a wide range of connectivity and communications services and maintains a significant presence across Europe, and in many countries in Africa and the Middle East, serving both consumer and business customers.

Orange’s core activities include mobile and fixed-line telephony, broadband and fiber internet access, and television services for retail customers.