Orange (OTCMKTS:ORANY) Short Interest Up 48.7% in December

Orange (OTCMKTS:ORANY) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 434,315 shares, an increase of 48.7% from the December 15th total of 291,985 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 239,712 shares, the days-to-cover ratio is presently 1.8 days. Based on an average trading volume of 239,712 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.0% of the shares of the stock are sold short.

Orange Trading Up 0.2%

Shares of OTCMKTS:ORANY opened at $17.00 on Friday. Orange has a one year low of $10.32 and a one year high of $17.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.89 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $16.41 and a 200 day simple moving average of $16.11.

Orange Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 2nd were issued a dividend of $0.2392 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 395.0%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup raised shares of Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. Sanford C. Bernstein upgraded shares of Orange to a “hold” rating in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Orange currently has an average rating of “Moderate Buy”.

Orange Company Profile

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.