Orangekloud Technology Inc. (NASDAQ:ORKT) Short Interest Down 30.5% in January

Orangekloud Technology Inc. (NASDAQ:ORKT) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 43,140 shares, a decrease of 30.5% from the December 31st total of 62,057 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 27,462 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 27,462 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.7% of the shares of the stock are short sold.

Orangekloud Technology Stock Up 55.0%

Orangekloud Technology stock traded up $0.46 during trading hours on Friday, hitting $1.31. The stock had a trading volume of 46,299,876 shares, compared to its average volume of 85,390. Orangekloud Technology has a 1-year low of $0.62 and a 1-year high of $7.60. The stock’s fifty day moving average is $0.90 and its two-hundred day moving average is $1.80.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Orangekloud Technology in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently 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 purchased a new stake in Orangekloud Technology Inc. (NASDAQ:ORKT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 reporting period.

Orangekloud Technology Company Profile

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.