Orangekloud Technology Inc. (NASDAQ:ORKT) Short Interest Down 46.8% in February

Orangekloud Technology Inc. (NASDAQ:ORKT) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 124,355 shares, a decline of 46.8% from the February 12th total of 233,803 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average trading volume of 120,890 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 120,890 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Orangekloud Technology

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

Wall Street Analysts Forecast Growth

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

Orangekloud Technology Stock Down 1.9%

NASDAQ:ORKT traded down $0.02 on Friday, reaching $1.04. 105,202 shares of the stock traded hands, compared to its average volume of 142,932. Orangekloud Technology has a 12 month low of $0.62 and a 12 month high of $3.60. The company’s fifty day simple moving average is $0.99 and its 200 day simple moving average is $1.41.

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.