Short Interest in Orangekloud Technology Inc. (NASDAQ:ORKT) Grows By 52.8%

Orangekloud Technology Inc. (NASDAQ:ORKT) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 65,902 shares, a growth of 52.8% from the January 15th total of 43,140 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 4,741,867 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 4,741,867 shares, the short-interest ratio is currently 0.0 days. Currently, 1.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Orangekloud Technology stock. Citadel Advisors LLC acquired a new stake in shares of Orangekloud Technology Inc. (NASDAQ:ORKT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,601 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned about 0.28% of Orangekloud Technology as of its most recent SEC filing.

Orangekloud Technology Stock Performance

Shares of ORKT stock opened at $1.21 on Friday. Orangekloud Technology has a 1 year low of $0.62 and a 1 year high of $5.56. The stock’s 50 day simple moving average is $0.94 and its two-hundred day simple moving average is $1.67.

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.