Orange (OTCMKTS:ORANY) Short Interest Up 55.3% in April

Orange (OTCMKTS:ORANY) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 614,314 shares, a growth of 55.3% from the March 31st total of 395,456 shares. Based on an average daily trading volume, of 208,099 shares, the days-to-cover ratio is currently 3.0 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Several equities research analysts have commented on ORANY shares. Kepler Capital Markets cut shares of Orange from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Citigroup raised shares of Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. New Street Research cut shares of Orange from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Zacks Research cut shares of Orange from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Orange in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Orange currently has a consensus rating of “Hold”.

Orange Trading Down 1.7%

Shares of OTCMKTS:ORANY opened at $20.38 on Tuesday. The company’s 50 day moving average price is $20.50 and its two-hundred day moving average price is $18.18. Orange has a 12-month low of $13.65 and a 12-month high of $21.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.11.

About Orange

Orange SA, commonly known as Orange, is a multinational telecommunications operator headquartered in Paris, France. The company has its roots in the former state-owned France Télécom and later consolidated its international operations under the Orange brand. Orange provides a wide range of connectivity and communications services and maintains a significant presence across Europe, and in many countries in Africa and the Middle East, serving both consumer and business customers.

Orange’s core activities include mobile and fixed-line telephony, broadband and fiber internet access, and television services for retail customers.