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

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

Orangekloud Technology Stock Performance

Shares of ORKT traded up $0.01 during midday trading on Friday, hitting $1.04. The company had a trading volume of 101,781 shares, 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’s 50-day simple moving average is $1.04 and its 200-day simple moving average is $1.30.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Orangekloud Technology

A hedge fund recently bought a new stake in Orangekloud Technology stock. Citadel Advisors LLC bought a new stake in Orangekloud Technology Inc. (NASDAQ:ORKT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 quarter.

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.