Orange SA (NYSE:ORAN) Short Interest Down 39.3% in March

Orange SA (NYSE:ORAN) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totalling 178,400 shares, a decrease of 39.3% from the February 27th total of 294,000 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 824,600 shares, the days-to-cover ratio is currently 0.2 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Samalin Investment Counsel LLC purchased a new stake in Orange in the 4th quarter valued at $28,000. Tower Research Capital LLC TRC purchased a new stake in Orange in the 4th quarter valued at $46,000. NEXT Financial Group Inc raised its position in Orange by 417.4% in the 4th quarter. NEXT Financial Group Inc now owns 3,296 shares of the technology company’s stock valued at $48,000 after buying an additional 2,659 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Orange in the 4th quarter valued at $90,000. Finally, Advisor Partners LLC purchased a new stake in Orange in the 4th quarter valued at $149,000. 0.93% of the stock is owned by institutional investors and hedge funds.

ORAN has been the topic of a number of research reports. Goldman Sachs Group raised Orange from a “neutral” rating to a “buy” rating in a research report on Thursday, March 19th. Berenberg Bank lowered Orange from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Zacks Investment Research lowered Orange from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. New Street Research raised Orange from a “neutral” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Bank of America raised Orange from a “neutral” rating to a “buy” rating in a research report on Monday, March 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.00.

NYSE ORAN traded up $0.10 on Thursday, reaching $12.55. The company had a trading volume of 1,377,589 shares, compared to its average volume of 972,695. The stock has a market capitalization of $32.69 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.73 and a beta of 0.37. The company’s fifty day moving average is $13.21 and its 200 day moving average is $14.82. Orange has a 52-week low of $9.93 and a 52-week high of $16.80. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 0.98.

Orange Company Profile

Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.

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