Orange (OTCMKTS:ORANY) Sees Large Decrease in Short Interest

Key Points

• Short interest fell sharply: As of March 13 short interest was 378,126 shares, a 28.6% decrease from Feb. 26, with a short‑interest ratio of about 1.8 days based on average daily volume of 211,297 shares (approximately 0.0% of shares short).
• Analyst sentiment is moderately positive but mixed: MarketBeat shows a consensus rating of "Moderate Buy" (1 Strong Buy, 2 Buy, 5 Hold), with recent moves including Citigroup and Deutsche Bank on the buy side and Kepler and New Street downgrades to hold.

Orange (OTCMKTS:ORANY - Get Free Report) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 378,126 shares, a decrease of 28.6% from the February 26th total of 529,322 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 211,297 shares, the short-interest ratio is presently 1.8 days.

Orange Trading Up 0.2%

Shares of OTCMKTS:ORANY opened at $19.89 on Friday. The stock has a 50 day moving average price of $19.73 and a 200-day moving average price of $17.46. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.11 and a quick ratio of 1.09. Orange has a 52-week low of $12.60 and a 52-week high of $21.47.

Wall Street Analysts Forecast Growth

ORANY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Orange in a research report on Monday, February 23rd. Citigroup raised Orange from a "hold" rating to a "buy" rating in a research note on Tuesday, January 6th. Kepler Capital Markets cut shares of Orange from a "strong-buy" rating to a "hold" rating in a report on Monday, March 9th. New Street Research downgraded shares of Orange from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 12th. Finally, Zacks Research upgraded shares of Orange from a "strong sell" rating to a "hold" rating in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Orange has a consensus rating of "Moderate Buy".

Orange Company Profile

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.

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