Orange S.A. (NYSE:ORAN) Sees Significant Growth in Short Interest

Orange S.A. (NYSE:ORANGet Rating) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,060,000 shares, an increase of 49.3% from the March 31st total of 1,380,000 shares. Based on an average daily trading volume, of 825,200 shares, the short-interest ratio is presently 2.5 days.

Several large investors have recently added to or reduced their stakes in ORAN. Ellevest Inc. increased its stake in shares of Orange by 168.3% in the 4th quarter. Ellevest Inc. now owns 7,453 shares of the technology company’s stock valued at $79,000 after acquiring an additional 4,675 shares in the last quarter. Fieldpoint Private Securities LLC increased its stake in shares of Orange by 35.4% in the 4th quarter. Fieldpoint Private Securities LLC now owns 7,950 shares of the technology company’s stock valued at $84,000 after acquiring an additional 2,080 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Orange by 219.7% in the 1st quarter. Parallel Advisors LLC now owns 7,923 shares of the technology company’s stock valued at $95,000 after acquiring an additional 5,445 shares in the last quarter. BOKF NA bought a new stake in shares of Orange in the 3rd quarter valued at $109,000. Finally, DGS Capital Management LLC bought a new stake in Orange during the 4th quarter valued at $114,000. Institutional investors own 0.90% of the company’s stock.

Shares of NYSE:ORAN traded down $0.22 during mid-day trading on Friday, hitting $11.75. The company had a trading volume of 666,048 shares, compared to its average volume of 537,173. The firm has a fifty day moving average price of $11.87 and a 200 day moving average price of $11.38. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 0.95. Orange has a one year low of $9.85 and a one year high of $13.09.

Several research firms recently commented on ORAN. Barclays lifted their target price on shares of Orange from €9.00 ($9.68) to €9.50 ($10.22) and gave the stock an “underweight” rating in a research report on Wednesday. Argus downgraded shares of Orange from a “buy” rating to a “hold” rating in a research report on Thursday, January 20th. Zacks Investment Research upgraded shares of Orange from a “sell” rating to a “hold” rating in a research report on Saturday, April 16th. The Goldman Sachs Group downgraded shares of Orange from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 18th. Finally, StockNews.com began coverage on shares of Orange in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.50.

About Orange (Get Rating)

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. It operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; International Carriers & Shared Services; and Mobile Financial Services segments.

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