Orangekloud Technology Inc. (NASDAQ:ORKT) Short Interest Update

Orangekloud Technology Inc. (NASDAQ:ORKT) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 82,051 shares, a drop of 34.0% from the February 26th total of 124,355 shares. Based on an average trading volume of 141,970 shares, the short-interest ratio is presently 0.6 days. Currently, 1.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Orangekloud Technology

An institutional investor recently bought a new position in Orangekloud Technology stock. Citadel Advisors LLC acquired a new position in shares of Orangekloud Technology Inc. (NASDAQ:ORKT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,601 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned approximately 0.28% of Orangekloud Technology as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Orangekloud Technology Stock Up 1.0%

Shares of NASDAQ ORKT traded up $0.01 during mid-day trading on Friday, reaching $1.04. 101,781 shares of the company’s stock traded hands, compared to its average volume of 129,274. The business has a 50-day simple moving average of $1.04 and a 200 day simple moving average of $1.29. Orangekloud Technology has a 1-year low of $0.62 and a 1-year high of $3.55.

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.