Short Interest in Orangekloud Technology Inc. (NASDAQ:ORKT) Increases By 353.4%

Orangekloud Technology Inc. (NASDAQ:ORKT) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 85,014 shares, an increase of 353.4% from the November 30th total of 18,751 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,281,307 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 1,281,307 shares, the short-interest ratio is presently 0.1 days. Currently, 1.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

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

Orangekloud Technology Price Performance

Orangekloud Technology stock opened at $0.85 on Thursday. The company’s 50-day moving average price is $1.22 and its two-hundred day moving average price is $2.09. Orangekloud Technology has a 52 week low of $0.78 and a 52 week high of $17.08.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Orangekloud Technology in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Orangekloud Technology has an average rating of “Hold” and an average target price of $20.00.

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.