Short Interest in Orange (OTCMKTS:ORANY) Decreases By 36.8%

Key Points

• The short interest in Orange (OTCMKTS:ORANY) decreased by 36.8% in August, falling from 376,600 shares to 238,000 shares.
• Wall Street analysts have mixed ratings on Orange, with one firm upgrading to a strong buy and another downgrading to a hold, resulting in a consensus rating of Moderate Buy.
• As of now, Orange's stock is trading at $16.25, with a 52-week high of $17.03 and a low of $9.60.

Orange (OTCMKTS:ORANY - Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 238,000 shares, a decrease of 36.8% from the August 15th total of 376,600 shares. Based on an average daily volume of 312,200 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 312,200 shares, the days-to-cover ratio is currently 0.8 days.

Orange Price Performance

Orange stock traded up $0.04 during midday trading on Friday, hitting $16.04. The company's stock had a trading volume of 68,374 shares, compared to its average volume of 194,982. The business's 50-day simple moving average is $16.01. Orange has a 12 month low of $9.60 and a 12 month high of $17.03. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.89.

Analysts Set New Price Targets

ORANY has been the topic of a number of research reports. The Goldman Sachs Group raised shares of Orange from a "strong sell" rating to a "hold" rating in a research note on Thursday, July 31st. Berenberg Bank upgraded shares of Orange to a "strong-buy" rating in a report on Thursday, June 26th. Finally, Wall Street Zen lowered shares of Orange from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Orange presently has an average rating of "Moderate Buy".

About Orange

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.