Orange S.A. (NYSE:ORAN) Short Interest Update

Orange S.A. (NYSE:ORAN) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 856,000 shares, a growth of 27.3% from the May 31st total of 672,300 shares. Based on an average daily volume of 599,200 shares, the short-interest ratio is currently 1.4 days.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Orange from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. assumed coverage on shares of Orange in a research note on Wednesday, April 17th. They issued an “overweight” rating for the company. Finally, Sanford C. Bernstein assumed coverage on shares of Orange in a research note on Friday, May 24th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.08.

Orange Stock Up 0.3 %

Shares of ORAN stock traded up $0.03 during trading hours on Friday, reaching $9.99. 811,002 shares of the stock traded hands, compared to its average volume of 1,031,385. Orange has a 1-year low of $9.82 and a 1-year high of $12.41. The business has a fifty day moving average price of $11.04 and a 200 day moving average price of $11.41. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 0.88.

Orange Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, June 21st. Stockholders of record on Monday, June 3rd were issued a dividend of $0.4523 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a dividend yield of 5.1%. This is a positive change from Orange’s previous semi-annual dividend of $0.32.

Institutional Investors Weigh In On Orange

A number of large investors have recently made changes to their positions in ORAN. Allspring Global Investments Holdings LLC purchased a new stake in Orange in the 1st quarter worth approximately $39,000. CWM LLC lifted its position in Orange by 53.1% in the 4th quarter. CWM LLC now owns 3,586 shares of the technology company’s stock worth $41,000 after buying an additional 1,244 shares in the last quarter. GAMMA Investing LLC lifted its position in Orange by 118.2% in the 1st quarter. GAMMA Investing LLC now owns 3,662 shares of the technology company’s stock worth $43,000 after buying an additional 1,984 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in Orange in the 4th quarter worth approximately $76,000. Finally, EverSource Wealth Advisors LLC lifted its position in Orange by 13.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,277 shares of the technology company’s stock worth $95,000 after buying an additional 965 shares in the last quarter.

Orange Company Profile

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.